American Savings Bank names two executive vice presidents.IRVINE, Calif.--(BUSINESS WIRE)--Nov. 9, 1995--Robert T. Barnum, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Thursday announced the appointment of two new executive vice presidents at American Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. . John D. Broderick, 55, has been named executive vice president and director of retail banking. Brad Henske, 34, has been appointed executive vice president and chief financial officer. Both Broderick and Henske will begin on Jan. 3, 1996, at American's administrative headquarters in Irvine, reporting directly to Barnum. Broderick, executive vice president and director of retail banking, will oversee American's 159 retail branch network, as well as retail banking operations, retail services, retail planning and administration, retail training, and ASB ASB Asbestos ASB Arbeiter Samariter Bund (German medical help organisation) ASB Anti-Social Behaviour ASB Accounting Standards Board (UK FRC) ASB Aarhus School of Business Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (American's investment subsidiary). Broderick will join American backed by 25 years of high-level retail banking experience. During his tenure at Crocker Bank from 1977-1985, he was executive vice president of the bank's California retail branch operation, as well as overseeing the areas of finance, marketing and operations as executive vice president of systems and operations. He also managed the retail network for First New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). Bank from 1991-1993. From 1965-1977, Broderick served in a number of senior management positions for Citicorp in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , including chief financial officer for Citicorp's Person-to-Person Financial Services Corp. Most recently, Broderick was chairman and chief executive officer for ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Residential Capital Corp., San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ITT Corp., New York, where he built a profitable $8 billion consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. portfolio. In addition, Broderick was a partner of the bank consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a of Benton International from 1985-1991. "John's passion for the retail side of the business and his results orientation, combined with his incredible breadth of banking experience, make him an excellent fit for us at American. We're eager to leverage his vast knowledge in the area of consumer lending as well as his systems and process management experience. "John sets the customer as a top priority, which I'm confident will be reflected in his commitment to a relationship banking strategy delivered through a strong branch network," Barnum explained. As executive vice president and chief financial officer, Henske will be responsible for strategic planning, accounting, corporate task/risk management, treasury, compensation and benefits, accounting and information services/finance information systems. He also will function as the overall corporate information officer. Previously, Henske was a partner with Bain & Co., Chicago and Boston, where he had worked since 1988. His primary focus was in the areas of financial services, concentrating on financial management and consumer marketing. His experience includes the areas of credit cards, retail deposits, home equity loans, residential mortgages, retail lending products, financial allocation strategies and other banking structure and strategy issues. Prior to his tenure at Bain, Henske was an engineering consultant and industrial economist for Setpoint Inc. in Houston. "Brad is an incredibly sharp executive with outstanding strategic planning skills. American Savings Bank and its investor group have worked on many successful projects with Bain & Co. Brad's high energy, creativity and focus on results have been a hallmark of his success. "And his consulting experience -- working with some of the nation's leading financial institutions in fortifying and expanding their consumer banking businesses -- has given him the knack to work effectively and efficiently in large organizations," Barnum said. American Savings Bank, one of the nation's largest savings institutions, has more than $19 billion in assets and more than $13 billion in deposits, with over 159 retail savings branches and 53 loan offices throughout California. CONTACT: American Savings Bank, Irvine Dianne L. Seeber, 714/252-4262 |
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