Printer Friendly

FORSTER NAMED CHIEF OPERATING OFFICER OF AHMANSON AND HOME SAVINGS OF AMERICA

 IRWINDALE, Calif., Oct. 28 /PRNewswire/ -- H.F. Ahmanson & Co. (NYSE: AHM), parent company of Home Savings of America, announced that Fredric J. Forster has been named chief operating officer of Ahmanson, and president and chief operating officer of Home Savings.
 Forster, 48, succeeds Charles R. Rinehart who will become president and chief executive officer of Ahmanson, and chairman and chief executive officer of Home Savings on Nov. 1, 1993, when Richard H. Deihl retires as chief executive officer. Deihl will remain as chairman of Ahmanson.
 "Fred Forster has shown great management skill and has made significant contributions to the company since joining us earlier this year," said Rinehart. "He is a key member of our management team and will be critical to the continued success of this company as we go forward."
 Forster, who joined the company in February of this year as president of Home Savings, was most recently the founding president of Newport Balboa Savings and Loan Association in 1979, which was purchased in 1983 by ITT Financial Corp. Previously, Forster held several senior management positions at American Savings and prior to that, served in a variety of capacities at The Larwin Group, a Los Angeles-based residential home builder.
 Forster received his bachelor's degree in physics from Princeton University and his M.B.A. degree from Harvard Graduate School of Business Administration. He is currently a director of the Federal Home Loan Bank of San Francisco and serves as chairman of its Affordable Housing Committee.
 H.F. Ahmanson & Co., with more than $50 billion in assets, is the parent company of Home Savings of America, the nation's largest savings institution. Home Savings' deposit base of more than $38 billion is the largest of any savings institution in the United States. It operates 375 savings branches in nine states and 88 mortgage lending offices in 13 states.
 -0- 10/28/93
 /CONTACT: Mary Trigg (media), 818-814-7922, or Steve Swartz (investors), 818-814-7986, of H.F. Ahmanson & Co./
 (AHM)


CO: H.F. Ahmanson & Co.; Home Savings of America ST: California IN: FIN SU: PER

LM-JL -- LA005 -- 7874 10/28/93 11:46 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 28, 1993
Words:352
Previous Article:BIODYNAMICS INTERNATIONAL ANNOUNCES FDA ACCEPTANCE OF 510(K) NOTICE OF FORGED COBALT CHROME HIP REPLACEMENT SYSTEM
Next Article:EIF HOLDINGS ANNOUNCES INTERNATIONAL CAPITAL INVESTMENT OF $2,000,000
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters