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CITADEL HOLDING CORPORATION ANNOUNCES BOARD APPOINTMENTS

 CITADEL HOLDING CORPORATION ANNOUNCES BOARD APPOINTMENTS
 GLENDALE, Calif., June 3, /PRNewswire/ -- Citadel Holding


Corporation ("Citadel") (AMEX: CDL), the parent company of Fidelity Federal Bank, a Federal Savings Bank ("Fidelity"), announced today that Richard M. Greenwood has been elected to the Boards of Directors of Citadel and Fidelity and named President and Chief Executive Officer of Citadel and Chairman of the Board, President and Chief Executive Officer of Fidelity. Mr. James J. Cotter, who previously served as the Acting Chairman of Citadel and Fidelity, will continue as a director of those companies and as the Chairman of the Board of Citadel.
 Mr. Cotter expressed his pleasure at having an individual of Mr. Greenwood's background and experience to head the company, noting Mr. Greenwood's 18 years of banking experience, most recently as the Chief Financial Officer of CalFed, Inc. and its principal subsidiary, California Federal Bank.
 Mr. Greenwood stated that while it was a difficult decision to leave CalFed and California Federal Bank, he felt that Citadel and Fidelity offered him a unique opportunity and challenge, and that he was looking forward to his new duties.
 -0- 6/5/92
 /CONTACT: Albert J. Clemens, Senior Vice President - Marketing Group of Fidelity Federal Bank., 818-956-7100/
 (CDL) CO: Citadel Holding Corporation ST: California IN: FIN SU: PER


KJ -- LA027 -- 7657 06/05/92 20:19 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 5, 1992
Words:222
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