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CHAIRMAN OF THE BOARD AND CEO OF SANTA MONICA BANK ANNOUNCES RETIREMENT

 Santa Monica, Calif., July 29 /PRNewswire/ -- Joe L. Walling, chairman of the board and chief executive officer of Santa Monica Bank has announced his retirement from active employment with the bank effective Sept. 30, 1993. The announcement comes after a 42-year career with the bank. Walling, who is 76, will retain his position as chairman of the board, a post he has held since 1988.
 Walling joined Santa Monica Bank in 1951 as vice president and opened the first branch office in Pacific Palisades in 1953. In 1956 he returned to the head office and was promoted to executive vice president and elected to the board of directors. In 1975 Walling was named president of the bank.
 Prior to his long-time career with the bank, Walling was associated with Security-First National Bank for 14 years.
 Walling is the recipient of numerous awards recognizing his outstanding contributions to community service. As president of the Boy's Club, he was instrumental in the campaign to raise funds for the construction of a new Boy's Club building. He is a past president of the Santa Monica Bay Optimist Club, was chairman of the Salvation Army Advisory Board and charter chairman of the board of directors for the Santa Monica Hospital Medical Center Foundation. He also served the hospital as a member of the board of trustees. Both the Pacific Palisades and Santa Monica Chambers of Commerce have benefited from his time and guidance. He received the "Man of the Year" award from the Boy's and Girl's Club of Venice, the Brotherhood award from the National Conference of Christians and Jews and the Distinguished Citizen award from the Boy Scouts of America, to name a few. He has given time to the banking industry by serving on the California Bankers Association Board of Directors and as past president of the Southern California Community Bankers.
 In honor of his 40th anniversary with the bank, the Headquarters Office in Santa Monica was named the Joe L. Walling Building in 1991.
 -0- 7/29/93
 /CONTACT: Aubrey L. Austin, president of Santa Monica Bank, 310-394-9611/


CO: Santa Monica Bank ST: California IN: FIN SU: PER

JB-LL -- LA025 -- 7244 07/29/93 13:20 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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