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GREAT LAKES BANCORP'S ROY E. WEBER TO RETIRE AS CHIEF EXECUTIVE OFFICER

 GREAT LAKES BANCORP'S ROY E. WEBER
 TO RETIRE AS CHIEF EXECUTIVE OFFICER
 ANN ARBOR, MICH., Feb. 24 /PRNewswire/ -- Roy E. Weber, chairman and chief executive officer of Great Lakes Bancorp (NASDAQ-NMS: GLBC), said today that he plans to retire as the bank's chief executive officer. He announced that Robert J. Delonis, the bank's president and chief operating officer, will succeed him as chief executive officer on March 31. Weber will remain chairman of Great Lakes' board of directors.
 Weber's career with Great Lakes spans 44 years, during which he oversaw the bank's growth from one office in Ann Arbor, to the state's ninth-largest financial institution. "It has been a gratifying period of time," Weber commented, "helping Great Lakes grow, and watching our communities grow around us. Just during the past decade we've seen the challenges of a changing industry, and had the satisfaction of working with others here to guide Great Lakes into a leading community banking role.
 "This has meant expanding our services, more clearly defining our key markets, and building an efficient operational structure to compete effectively with much larger institutions."
 Weber joined Great Lakes in 1948 as a messenger and teller. He worked his way through a series of promotions, becoming assistant treasurer in 1956 and treasurer in 1959. He was named executive vice president in 1965 and was elected to the board of directors in 1967. In 1969, Weber became the company's president and chief executive officer. He was named chairman of the board in 1984.
 Weber was a member of the board of directors of the Michigan League of Savings Institutions from 1970 through 1977 and was its chairman in 1976. He was also a director of the Federal Home Loan Bank of Indianapolis from 1977 to 1980, and was vice chairman in 1980 and 1981. Weber was a member of the Ann Arbor City Council from 1969 to 1971, and has served on the boards of directors of numerous service and charitable organizations in the area.
 Delonis joined Great Lakes in 1982 as the bank's chief financial officer and an executive vice president. He had spent 10 years in public accounting. In 1987 he was elected to the Bank's board of directors. He was named Great Lakes' president and chief operating officer in April 1991.
 Delonis currently serves on the boards of the Federal Home Loan Bank of Indianapolis and the Michigan League of Savings Institutions. Delonis is past chairman of the Thrift Industry Accounting Committee, an industry group that reports on policy issues to the Securities and Exchange Commission and the Financial Standards Accounting Board. He is a graduate of the University of Michigan and has been a guest instructor at their graduate school of business administration.
 With $2.9 billion in assets and $1.9 billion in deposits, Great Lakes Bancorp is Michigan's second-largest savings bank. Great Lakes has branches throughout Michigan, with primary concentrations in the Ann Arbor, Battle Creek, and Saginaw areas. In addition, a division of Great Lakes, Dollar Federal Savings Bank, has a significant presence in Hamilton, Ohio. Great Lakes also operates Great Lakes Mortgage Co., a mortgage banking subsidiary.
 -0- 2/24/92
 /CONTACT: James S. Patterson of Great Lakes Bancorp, 313-769-8300, Ext. 4116/
 (GLBC) CO: Great Lakes Bancorp ST: Michigan IN: FIN SU: PER


DH -- DE023 -- 1837 02/24/92 11:04 EST
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Publication:PR Newswire
Date:Feb 24, 1992
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