Sanwa Bank California said last week it would open a full-service branch in San Clemente, Calif., in an area where both BankAmerica Corp. and Wells Fargo & Co. recently closed branches.

The final lease negotiations are being completed at the still-under- construction Los Mares Theater Plaza.

Gene Galloway, executive vice president of retail and community banking at Sanwa, said the branch is scheduled for completion in October. It will be the 105th full-service office in Sanwa's statewide network. Construction costs are estimated at $350,000.

Mr. Galloway added that the new branch will be 3,400 square feet, smaller than many of Sanwa's traditional branches, and a prototype for future branches.

Sanwa Bank California has $8 billion of assets and is headquartered in Los Angeles.

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