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WILLIAM E. HOGLUND ELECTED TO STANDARD FEDERAL BOARD OF DIRECTORS

 TROY, Mich., June 17 /PRNewswire/ -- Standard Federal Bank (NYSE: SFB) announced the election of William E. Hoglund, executive vice president and a director of General Motors (NYSE: GM), to the bank's board of directors.
 "We believe Standard Federal Bank, its shareholders, employees and customers alike will be extremely well served by the addition of this outstanding business leader to our board," said Thomas R. Ricketts, chairman and president of Standard Federal. "William Hoglund brings with him an extraordinary background and talent in the areas of management, operations and finance, thereby significantly enhancing our ability to meet the opportunities and challenges facing us," he added.
 Hoglund was elected to the General Motors board of directors and named executive vice president of GM in charge of Corporate Affairs and Staff Support Group on Nov. 2, 1992. Before that, Hoglund was executive vice president and chief financial officer of GM.
 An active participant in a variety of civic organizations, Hoglund is a member of the University of Michigan Graduate School of Business Administration Visiting Committee, and the chairman and trustee of the Skillman Foundation. He is chairman of National Car Rental and is a member of the board of trustees of New Detroit. He sits on the board of trustees of William Beaumont Hospital, and is a member of the Detroit Renaissance board of directors.
 Headquartered in Troy, Standard Federal Bank is one of the Midwest's largest and strongest financial institutions with approximately $9.9 billion in assets and 122 banking centers in Michigan, Indiana and Ohio.
 -0- 6/17/93
 /CONTACT: William R. Yaw Jr., marketing director, Standard Federal Bank, 313-637-2520, or 800-643-9600/
 (SFB GM)


CO: Standard Federal Bank; General Motors ST: Michigan IN: FIN SU: PER

JG -- DE018 -- 3158 06/17/93 14:06 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
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