BANKING & FINANCE - Nov. 20, 1993

First Interstate Sees Cutbacks: First Interstate Bank of California, a unit of First Interstate Bancorp, said it expects to eliminate between 700 and 900 full-time equivalent positions over the next six to nine months in anticipation of its merger with San Diego Trust & Savings Bank. After approval of the merger, which is expected March 1, 16 First Interstate Bank and San Diego Trust branches would be consolidated into eight offices. In addition, San Diego Trust’s “non-customer contact” administrative and line support units would be closed and their functions integrated into existing First Interstate support departments.