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JOHN C. ARGUE RESIGNS AS CALFED INC. DIRECTOR

 JOHN C. ARGUE RESIGNS AS CALFED INC. DIRECTOR
 LOS ANGELES, Nov. 21 /PRNewswire/ -- John C. Argue, senior


partner of the law firm of Argue Pearson Harbison & Myers, has resigned from the board of directors of CalFed Inc. (NYSE: CAL), citing personal reasons.
 "No board could ask for a more perceptive or energetic director than John Argue," said Jerry St. Dennis, chairman and chief executive officer of CalFed Inc. "We accept his resignation with deep regret."
 Argue was elected to the company's board in 1984.
 CalFed Inc. is a $19 billion financial services holding company whose principal subsidiary, California Federal Bank, FSB, operates 189 offices in California, Florida, Nevada, Georgia and Arizona.
 -0- 11/21/91
 /CONTACT: James F. Hurley, 213-930-9750, or Rhanda Kahawaii Dunn, 213-932-2283, both of Calfed Inc/
 (CAL) CO: Calfed Inc. ST: California IN: FIN SU: PER DM-AL -- LA032 -- 6091 11/21/91 17:00 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 21, 1991
Words:148
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