CALIFORNIA - News from Aug. 16, 1988

Jon M. Christoffersen, 45, vice chairman at Security Pacific Bank and until recently president of Rainier Bank and Rainier Bancorp., has been elected president of San Francisco-based Visa U.S.A., effective Oct. 1. In addition, Visa U.S.A. Executive Vice President Roger L. Peirce, 47, has been named chief operating officer, a new position. Charles T. Russell, president of Visa U.S.A. since 1981, continues as chief executive of Visa U.S.A. and as president and chief executive of Visa International.