CALIFORNIA - News from June 29, 1988

In an unusual move aimed at smoothing its acquisition of Union Bank in Los Angeles, California First Bank in San Francisco has appointed its chief financial officer, Kazusuke Naito, to the new post of executive liaison with Union management. Naito, 48, will integrate the merger of the two banks, which will be called Union Bank once the $750-million deal is finished this fall. His replacement as chief financial officer will be Taisuke Shimizu, 52, also an executive vice president at California First in San Francisco.