BANKING & FINANCE - Jan. 5, 1993

Bank Branch Opens: Sumitomo Bank of California opened an Orange County commercial banking office Monday in Huntington Beach. The bank, the seventh largest in the state, opened the office at 20100 Magnolia St. as part of its effort to target middle-market companies. In early 1991, it created a new commercial banking division to handle services for California businesses with annual sales of $5 million to $250 million. The bank already has commercial banking offices in Los Angeles and San Francisco. William Grant Nelle Jr., 45, of Irvine, who has been vice president and senior relationship manager in Sumitomo’s commercial banking division, will serve as vice president and manager of the Orange County office. In Orange County, Sumitomo also has consumer banking branches in Anaheim, Brea, Huntington Beach, Costa Mesa and La Palma.