Security Pacific applied for a Tokyo listing.

The Los Angeles-based bank, the nation's ninth largest, said it wants its shares traded on the Tokyo Stock Exchange because it believes Tokyo will become the Pacific Basin's dominant financial center before the end of the century. "We are committed to this growing international financial center and will be gratified to have shares in Security Pacific owned by Japanese," said Richard J. Flamson III, the bank's chairman and chief executive. The application is sponsored by a major Japanese securities firm but requires government approval.

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