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BURRITT ANNOUNCES MANAGEMENT CHANGES

 BURRITT ANNOUNCES MANAGEMENT CHANGES
 NEW BRITAIN, Conn., March 26 /PRNewswire/ -- The board of directors


of Burritt InterFinancial Bancorporation announced today that Timothy Nadeau, the bank's executive vice president, has been appointed acting president and chief executive officer of the bank. Nadeau's appointment followed the board's acceptance of the resignation of John C. Jaynes as president and chief executive officer and as a director.
 Jaynes, who this month attained the age of 55, announced to the board his intention to take early retirement on or about June 30, 1992. In the interim, Jaynes has resigned his position as chief executive officer and will remain with the bank in an advisory capacity. The board has appointed a search committee to immediately identify qualified candidates to fill the position on a permanent basis,.
 The board also accepted the resignation, submitted earlier this month, of senior vice president and senior loan officer Robert M. Pawloski.
 Angel Tomasso, a member of the board of directors, stated, "It is the intent of the board to add to the bank's management team bankers experienced in dealing with the types of problems currently facing the bank, working closely with bank regulators."
 -0- 3/26/92
 /CONTACT: Barbara J. Bennett of Burritt InterFinancial,


203-225-7601/
 (BANQ) CO: Burritt InterFinancial Bancorporation ST: Connecticut IN: FIN SU: PER


CK-TS -- NY030 -- 1863 03/26/92 10:04 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 26, 1992
Words:225
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