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CITADEL HOLDING CORP. ANNOUNCES PERSONNEL CHANGE

 CITADEL HOLDING CORP. ANNOUNCES PERSONNEL CHANGE
 GLENDALE, Calif., June 3 /PRNewswire/ -- Citadel Holding Corporation


(AMEX: CDL), the parent company of Fidelity Federal Bank, a Federal Savings Bank, announced today that Mr. William C. Walbrecher would no longer be serving as the Chief Executive Officer and President of that Company or any of its subsidiaries. According to Acting Chairman James J. Cotter, the Company anticipates finalizing arrangements for the retention of a new Chief Executive Officer for the Company and Fidelity at a special meeting of the Boards of Directors of the two companies currently scheduled for Friday, June 5, 1992. Mr. Walbrecher's anticipated successor will immediately assume the duties of the Chief Executive Officer subject to final approval from the Office of Thrift Supervision and the Boards of Directors.
 -0- 6/3/92
 /CONTACT: Godfrey B. Evans, General Counsel and Corporate Secretary of Citadel Holding Corp., 818-956-7100/
 (CDL) CO: Citadel Holding Corp. ST: California IN: FIN SU: PER


EH-JL -- LA035 -- 6824 06/03/92 21:58 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
Words:167
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