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ITT FINANCIAL CORPORATION APPOINTS WALKER CHIEF CREDIT OFFICER

 ST. LOUIS, April 20 /PRNewswire/ -- ITT Financial Corporation today announced that Dale R. Walker joined ITT Financial Corporation in the new position of executive vice president, chief credit officer. Walker's primary responsibilities include developing and implementing a credit risk management system to protect the company's portfolio, and expediting the credit approval process. In addition, Walker will serve as president of the Lyndon Insurance Group, a business unit of ITT Financial Corporation.
 Walker, 49, spent 12 years with Wells Fargo Bank, most recently as executive vice president of the bank's Real Estate Group in San Francisco. Prior to that, he was a regional vice president of Union Bank in Oakland, Calif. Walker started his career as an officer of Citibank in New York.
 "Walker brings 25 years of experience in commercial and real estate lending and credit management," said Frank Schultz, chairman and chief executive officer of ITT Financial. "Strong credit management is an important part of our company's long-term strategic plan and he will be a valuable part of our management team."
 Walker received a bachelor's degree in mathematics from Wake Forest University in Winston-Salem, N.C., and a master's of business administration from the University of North Carolina in Chapel Hill. He will relocate to the company's headquarters in St. Louis.
 ITT Financial Corporation is one of the leading finance companies in North America with assets of $13 billion. The company's financial services include consumer loans, inventory and accounts receivable financing, commercial equipment and real estate loans and related insurance products. These financial services are offered in 37 states and the Caribbean Basin, the United Kingdom and Canada. The company is a wholly owned subsidiary of ITT Corporation.
 -0- 4/20/93
 /CONTACT: Charles Butler of ITT Financial, 314-821-6060/


CO: ITT Financial Corporation ST: Minnesota IN: FIN SU: PER

MA -- MN013 -- 7982 04/20/93 11:11 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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