California Financial -- director leaves board.STOCKTON, Calif.--(BUSINESS WIRE)--Oct. 3, 1996--California Financial Holding Co. (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 :CFHC CFHC California Family Health Council CFHC Caritas Francis Hsu College CFHC Chinatrust Financial Holding Company CFHC Central Florida Health Care CFHC Concord Feminist Health Center CFHC Central Florida Hurricane Center CFHC Community Family Health Center ), the holding company for Stockton 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. , today announced that Dean A. Cortopassi had resigned as a director of both the company and its principal subsidiary, Stockton Savings Bank, F.S.B. Cortopassi's resignation was effective at the adjournments of the meetings of the boards of directors of the two companies on Sept. 16, 1996. The board expressed its appreciation for Cortopassi's service and wished him well in his future endeavors. California Financial has no immediate plans to replace Cortopassi as a director, but will address the issue of a replacement in connection with the company's annual meeting of shareholders in 1997. California Financial is the parent of Stockton Savings Bank, a 23-branch institution that was founded in 1887. The bank serves as the "hometown bank," offering its customers highly personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service in many communities throughout the Central San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes and the Sierra Foothills. CONTACT: California Financial Robert V. Kavanaugh, 209/948-1675 |
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