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JOHN OSSLUND JOINS CONTINENTAL SAVINGS OF AMERICA AS LOAN PRODUCTION MANAGER FOR SAN DIEGO

 SAN FRANCISCO, Aug. 24 /PRNewswire/ -- Charles A. Chenes, chairman, president, and chief executive officer of Continental Savings (NASDAQ: CSAV), announced today that John Osslund has joined Continental Savings of America as vice president and loan production manager for Continental Savings' new San Diego wholesale loan center. Osslund will be responsible for all wholesale mortgage loan production in the San Diego metropolitan area.
 Chenes said, "Our new office in San Diego, combined with John Osslund's strengths and broad experience in this market area will strengthen Continental's presence in Southern California and provide superior customer service for the wholesale mortgage broker community in this important region of the state. Continental's goal is to expand business relationships with key mortgage brokers in the San Diego market area, thereby building upon the company's growing market share," stated Chenes, "and we intend to back this with a full range of attractive mortgage products, pricing, and quality mortgage professionals of the caliber demonstrated by John Osslund."
 A native of Southern California, Osslund has 18 years experience in the mortgage banking and lending business, and prior to joining Continental served as loan production manager for Western Federal Savings' mortgage banking operations for the San Diego region, serving more than 200 approved mortgage brokers.
 Continental Savings of America ("CSAV") is a fully capitalized, federally chartered, publicly owned savings and loan association headquartered in San Francisco. The company operates 24 loan origination offices in Northern and Southern California, New York, and Texas, with assets of $510 million. Its principal business consists of originating loans secured by existing single-family residences for sale in the secondary mortgage market.
 -0- 8/24/93
 /CONTACT: Ralph Christy of Continental Savings of America, 415-274-3043/
 (CSAV)


CO: Continental Savings of America ST: California IN: FIN SU: PER

PK-LH -- SF002 -- 5407 08/24/93 11:00 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
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