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GREAT WESTERN ANNUAL MEETING SUMMARY

 GREAT WESTERN ANNUAL MEETING SUMMARY
 BEVERLY HILLS, Calif., April 28 /PRNewswire/ -- Great Western's


shareholders re-elected three members of the company's board of directors at the company's annual meeting today. The meeting was held in Los Angeles.
 Earlier in the meeting, the company's board of directors approved an increase in the quarterly dividend from 22 cents a share to 23 cents a share. Commenting on the increase, Great Western Chairman and Chief Executive James F. Montgomery said: "This is the ninth consecutive increase in the annual dividend. We are extremely pleased that the company's dividend payment record continues to compare very favorably with many of this country's leading financial institutions."
 Re-elected to the board of directors for three-year terms were: John F. Maher, president and chief executive officer of Great Western; Dr. Martin Feldstein, professor of economics; and Willis B. Wood Jr., president, chief operating officer and director of Pacific Enterprises.
 Shareholders also approved amendments which simplify and clarify the company's certificate of incorporation.
 With assets of $39.6 billion, Great Western Financial Corp. (NYSE: GWF) is a diversified financial services company. Great Western operates more than 1,130 mortgage lending, retail banking and consumer finance offices in 31 states. The company's principal line of business is a mortgage-oriented consumer bank which operates banking branch networks in California, Florida and Washington.
 -0- 4/28/92
 /CONTACT: Ian Campbell, 213-852-3773, or Steve Hawkins, 213-852-3766, both of Great Western/
 (GWF) CO: Great Western Financial Corp. ST: California IN: FIN SU: DIV PER


EH-CH -- LA036 -- 3964 04/28/92 15:42 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:258
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