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THOMAS E. PRINCE APPOINTED CFO OF DOWNEY SAVINGS

 THOMAS E. PRINCE APPOINTED CFO OF DOWNEY SAVINGS
 NEWPORT BEACH, Calif., May 12 /PRNewswire/ -- Robert L. Kemper,


chief executive officer of Downey Savings and Loan Association (NYSE: DSL), today announced the appointment of Thomas E. Prince as executive vice president and chief financial officer of the Newport Beach-based thrift. Prince fills a vacancy created by a recent resignation.
 Prince, 45, brings a wide range of financial expertise to Downey, including treasury financial and regulatory reporting, budgeting and strategic planning. He was most recently senior vice president and controller of Security Pacific Corp., and has also served in the past in such capacity for its subsidiary Security Pacific National Bank. Prince has served in various financial capacities within Security Pacific Corp. since 1968. He received a master of business administration in 1974 and a bachelor of science in accounting in 1968, both from the University of Southern California.
 "Mr. Prince's strong financial management experience will provide immediate and long-term benefits to Downey," commented Kemper.
 Downey Savings, with assets of $3.6 billion, has 50 offices throughout California.
 -0- 5/12/92
 /CONTACT: Angelika Mayman of Downey Savings and Loan Association, 714-854-3100/
 (DSL) CO: Downey Savings and Loan Association ST: California IN: FIN SU: PER


JL-KJ -- LA023 -- 9222 05/12/92 14:47 EDT
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Publication:PR Newswire
Date:May 12, 1992
Words:212
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