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 SAN FRANCISCO, Dec. 2 /PRNewswire/ -- Yasumasa Gomi, Chairman, President and CEO of The Bank of California (BOC), a subsidiary of The Mitsubishi Bank Ltd. (NYSE: MBK) (MBL), announced today that he will return to Japan in the first half of 1994, to be succeeded by Hiroo Nozawa. The action was taken at the MBL board meeting Nov. 25. Details regarding Mr. Gomi's new assignment will be announced later. He will remain a member of the MBL Board of Directors.
 The transition in leadership of The Bank of California has been planned for some time. According to Tsuneo Wakai, President of MBL, "We place a very high value on consistency of management. The basic strategy for The Bank of California will remain unchanged under Mr. Nozawa. We have every confidence that he will work successfully with the bank's management to continue building on the progress made under Mr. Gomi's leadership."
 The new Chairman, President and CEO (elect) is already familiar with the bank, having served on the board of BanCal Tri-State Corp. (the bank's holding company) between 1990 and 1992, during his tenure as Executive Vice President and General Manager of MBL's North American Administration Division in New York City. He is currently General Manager of MBL's Corporate Banking Division No. 1, in Tokyo, and also serves on the parent bank's Board of Directors.
 Mr. Nozawa, 51, has had a distinguished career with MBL, combining senior management positions in both commercial and investment banking. He has considerable experience in international banking as well, including a term as General Manager of MBL's Brussels branch and President of Mitsubishi Bank (Europe) S.A. He joined MBL in 1965 following graduation from Waseda University, one of the premier private universities in Japan. After completing the bank's intensive training program, Mr. Nozawa earned a master of science from the Sloan School of Management at MIT, then spent a year with Morgan Stanley as a trainee. His first managerial appointment was in MBL's New York branch, then he returned to the International Division in Tokyo. Following his service in Brussels, he was appointed Deputy General Manager in the International Planning Division and, later, General Manager in the Capital Markets Division, both assignments in Tokyo.
 Mr. Gomi, 50, has been at The Bank of California since June of 1989. He was named President and Chief Executive Officer in September 1990, and Chairman on Nov. 21, 1991. Under his leadership, the bank has made a strong recovery from the losses experienced in 1991 and 1992 in its domestic loan portfolio that grew out of its commercial and construction lending in the 1980s.
 Mr. Gomi complimented the talents of his successor, a personal friend as well as professional colleague for many years: "Mr. Nozawa has been in the forefront of MBL's international expansion for the past 20 years, always on the leading edge of our international market and product development, and he will bring many strengths to this assignment."
 Of his associations while at The Bank of California, Mr. Gomi said: "I have greatly enjoyed getting to know personally many of the bank's valued clients and working with our fine Board of Directors in building this organization. I also want to thank the employees for their hard work and recent successes. We have achieved so much in the past few years and I am certainly going to miss all my friends here."
 Mr. Nozawa commented on the 10 years he has spent in the United States, which, he indicated, "both my family and I regard as our second home. It is very exciting to be returning to the country that has been such an important part of my career, that has taught me so much about business and life in general, and where we have so many friends." He saluted the achievements of his predecessor: "The bank has made tremendous progress in the last couple of years. I realize there are still significant challenges ahead, but the foundation is laid for a successful and profitable bank. I am very impressed with what has been achieved to date and look forward to continuing the good work begun under Mr. Gomi's leadership."
 The Bank of California, N.A., the first commercial bank incorporated in the West, opened its doors on July 5, 1864. As the fifth-largest bank in California, the bank has assets of $8.0 billion, along with the only tri-state charter in the nation, enabling The Bank of California to have direct branch banking in California, Washington and Oregon. Along with its 46 domestic branches, The Bank of California has 11 international offices, principally along the Pacific Rim. In 1984, BOC was bought by The Mitsubishi Bank Ltd., sixth-largest bank in the world, with assets of $431.9 billion at the end of its most recent fiscal year. Since being acquired by MBL, The Bank of California's total assets have grown from $3.4 billion to $8.0 billion.
 -0- 12/2/93
 /NOTE TO EDITORS: Free photo to accompany this story is available immediately to any media with telephoto receiver or electronic darkroom (PC or Macintosh) that can accept overhead transmissions. To receive this photo, please call 214-416-3686/
 /CONTACT: John C. Kaufman of The Bank of California, 415-765-2628/

CO: The Bank of California; The Mitsubishi Bank Ltd. ST: California IN: FIN SU: PER

RB-LW -- SF006 -- 9922 12/02/93 15:30 EST
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Publication:PR Newswire
Date:Dec 2, 1993

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