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CALIFORNIA THRIFT HOLDING COMPANY SUBSIDIARY TO RECEIVE PRESIDENT'S POINTS OF LIGHT AWARD AT WHITE HOUSE CEREMONY

 CALIFORNIA THRIFT HOLDING COMPANY SUBSIDIARY TO RECEIVE
 PRESIDENT'S POINTS OF LIGHT AWARD AT WHITE HOUSE CEREMONY
 ENGLEWOOD, Colo., April 21 /PRNewswire/ -- On Friday, May 1, 1992, the President and Mrs. George Bush will present the President's 1992 Annual Points of Light Award to Columbia Cares, the non-profit community service program of Columbia Savings. Based in Englewood, Columbia Savings is a wholly-owned subsidiary of First Nationwide Financial Corp. of San Francisco.
 Columbia Savings President Charles I. Thompson will receive the award from the President and Mrs. Bush at an afternoon ceremony in the East Room of the White House. Thompson will be accompanied by Peter K. Thomsen, chairman of Columbia Savings and executive vice president of First Nationwide Financial Corp.
 Columbia Cares is being recognized for the volunteer contribution its employees, customers and suppliers have made to education in Colorado through Homework Hotline, GED on TV, the Colorado Center for the Book and the Colorado State Library for the Blind and Physically Handicapped. The program is one of 21 Points of Light Award winners chosen this year from a field of more than 4,500 nominations. Columbia Savings and IBM are the only two U.S. businesses to be recognized with a President's Award this year.
 "We are thrilled to receive this Award," says Marlene Hogan, chairman of the Columbia Cares Advisory Board. "What is particularly exciting for us is the Award recognizes the efforts the more than 890 Columbia Cares volunteers have contributed to educational and environmental projects throughout Colorado. Despite the demands of their careers, families and other interests, these dedicated individuals have found the time to get involved with their communities."
 "We also appreciate the full support of our parent company, First Nationwide Financial Corp., has given our community service program," Hogan says. "First Nationwide has initiated its own volunteer program known as We Care."
 Created in 1982 as the President's Volunteer Action Awards, the President's Annual Points of Light Award honors outstanding individuals, families, businesses and non-profit organizations for volunteer community service. It is co-sponsored by the Points of Light Foundation and ACTION, the federal domestic volunteer agency, in cooperation with the White House Office of Volunteer Service.
 Richard F. Schubert, president and chief executive officer of the Points of Light Foundation calls the President's Award, "the most prestigious award ever given for community service."
 Columbia Savings is Colorado's largest savings and loan. The thrift manages 25 branches throughout Colorado, is a subsidiary of First Nationwide Financial Corp. and a member of the Ford Financial Services Group.
 -0- 4/21/92
 /CONTACT: Nancy McCarthy Hallowell of Columbia Cares, 303-930-7415/ CO: Columbia Cares; Columbia Savings; First Nationwide Financial
 Corp. of San Francisco ST: Colorado, California IN: SU:


MC -- DV004 -- 0476 04/21/92 10:05 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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