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SUMITOMO BANK GRANTS $10,000 TO GOLDEN STATE MINORITY FOUNDATION SCHOLARSHIPS

 SUMITOMO BANK GRANTS $10,000 TO GOLDEN STATE
 MINORITY FOUNDATION SCHOLARSHIPS
 LOS ANGELES, Dec. 2 /PRNewswire/ -- Sumitomo Bank of California's Minority Scholarship Program was enhanced this year through a partnership with Golden State Minority Foundation, which has agreed to administer four $2,500 scholarships designated for Hispanic and African-American students throughout the state.
 The Minority Scholarship Program, which began in 1990 with grants to National Hispanic University in Oakland and the National Association for Advancement of Colored People (NAACP), honors minority students displaying academic excellence, showing leadership ability,and exhibiting a financial need.
 Two recipients of this year's Sumitomo scholarships are Stanford University graduate students Jervis Williams of Menlo Park and Martin Romo of Sacramento. The other two awards went to Los Angeles graduate students Kevin Washington, enrolled at Cal State Dominguez Hills, and Sandra Paz, who attends Cal State Los Angeles.
 A check presentation ceremony was held today for students Washington and Paz at Golden State Minority Foundation's head office at 1999 West Adams Blvd., Los Angeles. Sumitomo Ban's board chairman Takeyoshi Matsushita was on hand to present each student with a $2,500 check. The Northern California recipients, Williams and Romo, were awarded their scholarships at a similar ceremony at Stanford University on Nov. 8.
 The Golden State Minority Foundation was founded in 1974 to assist financially disadvantaged black and other minority students pursuing careers in business administration. Based in Los Angeles, the foundation now controls yearly some $220,000 worth of grants and scholarships in California and Michigan, and, according to executive director Ivan A. Houston, it is looking to expand its efforts to Texas as well.
 Sumitomo Bank of California, which is based in San Francisco and maintains a Southern California headquarters in Los Angeles, ranks as the state's eight largest bank in terms of deposits held at Sept. 30, 1991. The bank operates 47 branches statewide and plans to open an office in Arcadia in 1992.
 -0- 12/2/91
 /CONTACT: Mike Crawford of Sumitomo Bank, 415-445-3847; Ivan A. Houston of Golden State, 213-731-7771; or Sam Meblin of Hill and Knowlton, 415-781-2430/ CO: Sumitomo Bank; Golden State Minority Foundation ST: California IN: SU:


RM -- SF007 -- 8563 12/02/91 19:30 EST
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Date:Dec 2, 1991
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