CENFED Financial Corp. appoints new retail banking executive.PASADENA, Calif.--(BUSINESS WIRE)--Sept. 12, 1996--CENFED Financial Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CENF), with headquarters in Pasadena, Thursday announced that John P. Cronin, 46, has joined the executive management team of CenFed Bank, its 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. . Cronin will serve in the capacity of executive vice president with responsibility for the bank's retail banking division. D. Tad Lowrey, president and chief executive officer, commented: "John brings with him over 20 years of diverse management experience in commercial and retail banking. During that time, he accomplished many of the objectives that we have set for our institution. I believe he will play a key role in our future success as we face the challenges of an increasingly competitive business." Cronin's prior experience included positions with El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Bank, the National Bank of Long Beach and Security Pacific National Bank. At these institutions, he held executive positions with wide-ranging responsibilities that included such functions as retail banking, marketing, sales management and systems and technology. Cronin is a graduate of the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Los Angeles. CENFED Financial Corp. is the holding company for CenFed Bank, a Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , which operates 18 branches in Los Angeles, Orange, Riverside and San Bernardino counties in Southern California. CONTACT: CENFED Financial Corp., Pasadena Steven P. Neiffer, 818/585-2595 |
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