Brian Dempsey joins Continental Savings Bank as vice chairman and a member of the board of directors.SEATTLE--(BUSINESS WIRE)--Sept. 9, 1996--Continental 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. announces that Brian Dempsey has joined the company as vice chairman and a member of its board of directors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dick Swanson. "As the former chairman and chief executive officer of University Savings Bank, Brian brings a tremendous amount of experience and knowledge to Continental, particularly as we are undergoing substantial growth and expansion into new markets," states Swanson. "Under his leadership, University Savings Bank was one of the great thrift institutions in the Northwest. With this background, Brian will play a key role in assisting Continental with its strategic financial management and deposit growth." During his 34 years at University Savings Bank, Dempsey served first as CFO See Chief Financial Officer. and later as president and chairman at University Savings Bank. Under his tenure, University Savings Bank grew from $21 million to over $1.2 billion in assets, and the financial institution expanded its branch network from one branch to 25. Dempsey remained with University Savings Bank when it was acquired in 1989 by Glendale Federal Bank and became a director of Glendale Federal in 1991. He retired from University Savings Bank when it was sold by Glendale Federal to First Interstate in January of 1995. In addition to his banking experience, Dempsey has been active both in related trade groups and public service. He served as chairman of the Washington Savings League (1990-91) and as a member of the board of directors of the National Council of Financial Institutions (1988-91). Locally, he was active in the Talmadge Hamilton House Hamilton House is the name of a Scottish country dance. The name alludes to the peculiar succession of the earldom of Selkirk: if the Duke of Hamilton, head of the house, has a younger brother, the earldom passes to the latter rather than to the duke. , a United Way-sponsored senior center, serving on the board and as president of the non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. . Continental Savings Bank, a locally owned and managed financial institution with $598 million in assets, is a subsidiary of Continental Inc., which was founded in Seattle in 1921. Continental offers diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services, focusing primarily on mortgages for home owners and buyers, deposit services for bank customers and income property financing for investors. Continental Savings Bank has nine bank branches, and operates 16 home loan centers under the name of Continental Mortgage Co. in Washington and Oregon, and in Hawaii as Realty Mortgage. CONTACT: Continental Savings Bank Mary Kelley, 206/389-4427 800/654-1075, ext. 4427 |
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