LEADING CALIFORNIA COMPANIES 1987 : A ROSTER OF THE STATE’S LARGEST INDUSTRIAL, FINANCIAL, MERCHANDISING, TRANSPORTATION AND UTITLITY FIRMS : FINANCIAL INSTITUTIONS

KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company’s accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term “1986 Rank” indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.

The top California-headquartered financial institutions ranked by assets for year-end 1986 or fiscal year ended on or before February 28, 1987

BANKS

1 Bank of America National Trust & Savings Assn. (1904) Ranks second nationally in deposits. Engages in general commercial banking. Operates 895 branches, 156 convenience banking centers, and 12 real estate loan centers in California. Also operates a network of 52 branches, 9 corporate offices and 15 representative offices internationally. Assets: $91.61 billion year-end 1986 ($106.17 billion in 1985). Deposits: $76.00 billion ($88.08 billion). Net income: loss of $442.0 million (loss of $431.0 million). Employees: total 59,090; California 46,690. Headquarters: 555 California St., San Francisco 94104. Chairman and chief executive: A.W. Clausen. 1986 rank: 1.

2 Security Pacific National Bank (1871) Ranks seventh nationally in deposits. Operates 595 retail banking offices and 40 business banking centers in California. Also operates loan production offices in major U.S. cities; an Edge Act subsidiary with branch offices in major U.S. cities; offshore banking units in key international markets. Owned by Security Pacific Corp. (see holding companies). Assets: $47.50 billion year-end 1986 ($44.81 billion in 1985). Deposits: $34.57 billion ($32.88 billion). Net income: see holding company. Employees: Included in holding company numbers. Headquarters: 333 S. Hope St., Los Angeles 90071. Chairman: Richard J. Flamson III. President and chief executive: George F. Moody. 1986 rank: 2. NYSE, PSE as Security Pacific Corp.

3 Wells Fargo Bank National Assn. (1852) Ranks 9th nationally in deposits. Operates 513 statewide branches, four overseas and one subsidiary--Wells Fargo International Ltd. Owned by Wells Fargo & Co. (see holding companies). Assets: $39.24 billion year-end 1986 ($23.52 billion in 1985). Deposits: $33.29 billion ($19.76 billion). Net income: see holding company. Employees: total 20,300; California not available. Headquarters: 464 California St., San Francisco 94163. Chairman and chief executive: Carl E. Reichardt. President: Paul Hazen. 1986 rank: 3. NYSE, PSE as Wells Fargo & Co.

4 First Interstate Bank of California (1868) Ranks 12th nationally in deposits. Operates 320 branches in California. Also operates an Edge Act subsidiary in New York with branch offices in Chicago and Miami and conducts business abroad in 21 locations through branches, representative offices and subsidiaries. Wholly owned by First Interstate Bancorp (see holding companies). Assets: $22.47 billion year-end 1986 ($20.61 billion in 1985). Deposits: $18.12 billion ($16.50 billion). Net income: $174.0 million or $23.87 a share ($137.9 million or $18.91). Employees: total 12,410; California 11,960. Headquarters: 707 Wilshire Blvd., Los Angeles 90017. Chairman, president and chief executive: William E. B. Siart. 1986 rank: 4. NYSE, PSE as First Interstate Bancorp

5 Union Bank (1914) Ranks 27th nationally in deposits. Known as “The Business Bank.” Operates 31 offices statewide primarily serving middle market companies with complete financial services. A wholly-owned subsidiary of Standard Chartered PLC (London) and a member of the Standard Chartered Group. U.S. affiliates: United Bank of Arizona; Standard Chartered Bank. Assets: $9.52 billion year-end 1986 ($9.04 billion in 1985). Deposits: $8.12 billion ($7.01 billion). Net income: $56.5 million ($47.1 million). Employees: total 4,540; California same. Headquarters: 445 S. Figueroa St., Los Angeles 90071. Chairman and chief executive: John F. Harrigan. President: Donne P. Moen. 1986 rank: 5.

6 California First Bank (1953) Ranks 55th nationally in deposits. The Bank of Tokyo Ltd., Japan, owns 76.9%. Operates 135 branches in California, four overseas. Subsidiaries include: Bankers Commercial Corp., Cal First Properties Inc., CFB Venture Capital Corp., California First Capital Management and California First Discount Brokerage. Assets: $6.00 billion year-end 1986 ($5.40 billion in 1985). Deposits: $5.27 billion ($4.70 billion). Net income: $30.7 million or $2.61 a share ($25.6 million or $2.26). Employees: total 3,940; California 3,880. Headquarters: 350 California St., San Francisco 94104. Chairman: Toshio Nagamura. President and chief executive: Seishichi Itoh. 1986 rank: 6. OTC

7 Sanwa Bank California (1971) (Formerly Golden State Sanwa Bank) Ranks 76th nationally in deposits. Operates 117 branches statewide. Offers a broad range of services including extensive international services through the Sanwa Bank Ltd., its parent bank in Japan. Assets: $5.07 billion year-end 1986 ($1.53 billion in 1985). Deposits: $3.90 billion ($1.34 billion). Net income: $11.4 million or $5.78 a share ($4.5 million or $6.80). Employees: total 3,430; California same. Headquarters: 300 Montgomery St., San Francisco 94104. Chairman: Teruyoshi Yasufuku. President and chief executive: Yukihiro Fujiwara. 1986 rank: 13 (Golden State Sanwa Bank).

8 The Bank of California National Assn. (1864) Ranks 115th nationally in deposits. Operates 16 branches in California, three in Washington and one in Oregon; also operates overseas branches in London, Manila, Nassau, Soeul and Tokyo; and representative offices in Taipei, Cebu City, Kuala Lumpur, Sao Paulo, Bombay and Bangkok; and one international banking office in New York. Owned by BanCal Tri-State Corp. which is a wholly-owned subsidiary of Mitsubishi Bank Ltd. Assets: $4.01 billion year-end 1986 ($3.58 billion in 1985). Deposits: $2.74 billion ($2.52 billion). Net income: $17.9 million ($5.3 million). Employees: 2,010; California 1,630. Headquarters: 400 California St., San Francisco 94104. Chairman, president and chief executive: Osamu Yamada. 1986 rank: 7.

9 The Sumitomo Bank of California (1953) Ranks 104th nationally in deposits. Operates 45 branches in California with an overseas office in Nassau. Offers complete banking services plus international banking operations. Assets: $3.27 billion year-end 1986 ($2.91 billion in 1985). Deposits: $2.97 billion ($2.67 billion). Net income: $14.8 million or $2.36 a share ($12.9 million or $2.16). Employees: total 1,650; California same. Headquarters: 320 California St., San Francisco 94104. President and chief executive: Teruhisa Shimizu. 1986 rank: 9. OTC

10 City National Bank (1954) Ranks 119th nationally in deposits. Operates 24 branches in Southern California. Wholly owned by City National Corp. (see holding companies). Assets: $3.14 billion year-end 1986 ($2.47 billion in 1985). Deposits: $2.67 billion ($1.99 billion). Net income: see holding company. Employees: total 2,180; California 2,170. Headquarters: 400 N. Roxbury Dr., Beverly Hills 90210. Chairman and chief executive: Bram Goldsmith. President: Alexander L. Kyman. 1986 rank: 10. OTC as City National Corp.

11 Imperial Bank (1963) Ranks 142nd nationally in deposits. Diversified financial organization providing individually tailored services to corporate customers, entrepreneurs and professionals. Operates 11 bank offices throughout California. Subsidiaries include: Imperial Trust Co., Imperial Creditcorp, Imperial Ventures Inc., Southern Pacific Thrift & Loan Association, and I. B. Mortgage Network Inc. Assets: $2.37 billion year-end 1986 ($1.71 billion in 1985). Deposits: $2.19 billion ($1.54 billion). Net income: $34.9 million ($3.2 million). Employees: Included in holding company numbers. Headquarters: 9920 S. La Cienega Blvd., Inglewood 90301. Chairman: Bernard G. LeBeau. President and chief executive: Norman P. Creighton. 1986 rank: 12. OTC as Imperial Bancorp

12 Mitsui Manufacturers Bank (1962) Ranks 179th nationally in deposits and has a total of 12 offices serving California. Owned by The Mitsui Bank Ltd. of Tokyo, Japan. Assets: $1.85 billion year-end 1986 ($1.93 billion in 1985). Deposits: $1.68 billion ($1.74 billion). Net income: loss of $25.2 million (profit of $3.1 million). Employees: total 940; California same. Headquarters: 515 S. Figueroa St., Los Angeles 90071. Chairman: Kenicai Kamiya. President and chief executive: Yutaro Hayashi.1986 rank: 11.

13 The Hibernia Bank (1859) Ranks 219th nationally in deposits. Wholly-owned subsidiary of Hibernia Bancshares which, in turn, is part of the Hong Kong based First Pacific Group. Offers services in personal, real estate, international and corporate banking. Has 35 Northern California branches. Assets: $1.50 billion year-end 1986 ($1.34 billion in 1985). Deposits: $1.33 billion ($1.01 billion). Net income: $11.7 million ($10.4 million). Employees: total 930; California same. Headquarters: 201 California St., San Francisco 94111. Chairman, president and chief executive: Carl Gustavson. 1986 rank: 14.

14 The Mitsubishi Bank of California (1972) Ranks 236th nationally in deposits. Involved in commercial banking. Offices: 25. Assets: $1.36 billion year-end 1986 ($1.23 billion in 1985). Deposits: $1.24 billion ($1.13 billion). Net income: $11.0 million or $17.44 a share ($6.6 million or $12.06). Employees: total 780; California same. Headquarters: 800 Wilshire Blvd., Los Angeles 90017. Chairman and President: Yutaka Hasegawa. 1986 rank: none.

15 Bank of the West (1874) Ranks 253rd nationally in deposits. Involved in retail banking. Offices: 38. Assets: $1.35 billion year-end 1986 ($1.26 billion in 1985). Deposits: $1.13 billion ($1.08 billion). Net income: $6.7 million or $3.34 a share (loss of $3.1 million or $3.28 a share). Employees: total 1,130; California same. Headquarters: 180 Montgomery St., San Francisco 94104. Chairman: Halsey C. Burke. President and chief executive: Michel Larrouilh. 1986 rank: none.

To be included in The Times roster, companies must have their principal headquarters in California and, with the exception of certain financial institutions, their stock must be publicly held. Limited partnerships with publicly traded stock are included. The requirements eliminate many companies in the state generating billions of dollars in sales and profits, because their head offices are located outside California or because they are privately owned.