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 GLENDALE, CALIFORNIA, September 21, 1993 /PRNewswire/ -- Citadel Holding Corporation (AMEX: CDL), parent of Fidelity Federal Bank, FSB, announced the appointment of Robert P. Condon as President and Chief Executive Officer of Gateway Investment Services, Inc., and Citadel Service Corp. He reports to Richard M. Greenwood, President and Chief Executive Officer of Citadel Holding Corporation.
 Gateway Investment Services, wholly-owned by Citadel, provides securities and annuity products to Fidelity Federal Bank customers through licensed representatives. Citadel Service Corp., a subsidiary of Fidelity Federal Bank, operates Fidelity Insurance Agency of Glendale, and is the parent company of Gateway Mortgage Corp. and Fidelity National Trust Company.
 As head of the investment company, Condon, 51, will have responsibility for Gateway's broker/dealer activities, the investment products sold in Fidelity Federal offices. With Citadel Service Corp., he will oversee the sale of insurance-related products through Fidelity Insurance Agency of Glendale.
 Most recently, Condon was General Manager of WellPoint Life Insurance Company in Woodland Hills, California, a subsidiary of Blue Cross of California. From 1989 to 1992, he served as President and Chief Executive Officer of Cal Fed Investment Services in Los Angeles, in charge of the development and sale of that company's alternative investment products through its branch distribution network.
 From 1986 to 1989, Condon was President of Oklahoma Landmark Financial Services, Inc., where he was charged with establishing a joint venture between Landmark and Citibank to market insurance and securities products throughout the Citibank system. Prior to that, he served as a consultant to Great Northern Annuity in Los Angeles, where he had responsibility for developing and implementing alternative investment marketing programs for a number of financial services companies in California. In 1976, Condon founded National Plan Coordinators, the largest independent administrator of public employee deferred compensation programs in the U.S., where he served as Executive Vice President through 1985.
 Condon is a Founding Director of the Financial Institution Insurance Association and a member of the Bank Securities Association.
 "We are very pleased to have such a seasoned investment management expert with such a strong track record join the Fidelity Federal team," said Greenwood. "Bob brings to the table an enormous amount of demonstrated innovation and success in the investment arena. Under his leadership, we greatly enhance our ability to grow our investment product lines to meet the expanding financial services needs of Fidelity Federal Bank customers."
 Condon, a resident of Rancho Palos Verdes, is a 1966 graduate of Boston College where he earned his bachelor of science degree in economics.
 Citadel Holding's principal subsidiary, Fidelity Federal Bank, offers a wide range of banking products and services from 42 retail banking branches and mortgage lending offices throughout Southern California.
 -0- 9/21/93
 /CONTACT: Albert J. Clemens, Senior Vice President and Marketing Director of Fidelity Federal Bank, 818-549-3630/

CO: Citadel Holding Corp. ST: California IN: FIN SU: PER

EH-JB -- LA027 -- 4285 09/21/93 15:22 EDT
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Publication:PR Newswire
Date:Sep 21, 1993

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