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JOHNSTON TO RETIRE FROM MITSUI MANUFACTURERS BANK

 JOHNSTON TO RETIRE FROM MITSUI MANUFACTURERS BANK
 LOS ANGELES, Feb. 11 /PRNewswire/ -- Jerry Johnston, president and


chief operating officer of Mitsui Manufacturers Bank (MMB), has elected to advance his retirement from active service in the bank, it was announced by Yoshisuke Mohri, chairman and chief executive officer.
 Mohri said that Johnston will step down from his post effective April 15, and will continue to serve MMB as a member of its board of directors. He was scheduled for retirement later this year.
 Mohri said that while Johnston was president, MMB had made good progress toward peer level performance, "meeting the challenges of change with strong improvements in productivity. 1992 marks Johnston's 35th year of service in the banking profession and we are grateful for the contribution he has made to MMB," Mohri stated.
 Johnston came to MMB from Security Pacific Corp. in November 1989 when SECPAC had agreed to acquire 20 percent of Mitsui Manufacturers Bank. Johnston was executive vice president at Security Pacific and was president of the Sequor Group, responsible for treasury management and international banking services, and was chairman of Security Pacific International Bank.
 Mitsui Manufacturers Bank, with assets of $1.2 billion, is the 12th largest bank in California. Through its 12 regional offices it serves chiefly mid-size business and professionals, including real estate financing for middle market clients. Its parent, Mitsui Taiyo Kobe Bank, Tokyo, is now the third largest commercial bank in the world.
 -0- 2/11/92
 /CONTACT: Jerry Johnston, president and COO of Mitsui Manufacturers Bank, 213-489-6391, or Richard M. Brodrick, Hill and Knowlton Inc., 213-937-7460, for Mitsui Manufacturers/ CO: Mitsui Manufacturers ST: California IN: FIN SU: PER


EH-JL -- LA003 -- 8789 02/11/92 12:02 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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