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GREAT WESTERN BANK ADDS FOUR NEW RETAIL BANK REGIONS; DESIGNATES MANAGERS

 CHATSWORTH, Calif., Jan. 12 /PRNewswire/ -- As a result of its recent HomeFed Bank acquisition, Great Western Bank has created four new retail banking regions in Southern California and named three former HomeFed employees and one Great Western employee as new regional managers.
 The reorganization and new appointments are part of the integration of the acquired HomeFed branches and $4.1 billion in deposits into Great Western.
 "These announcements show that we have begun to fully integrate and recognize those dedicated and talented HomeFed employees who helped to make that institution such a desirable acquisition," said R. Phillip Altman, senior vice president of retail branch administration for Great Western Bank.
 George Kaye, 39, has been named manager of the San Diego South region. Kaye, who has 17 years of banking experience, joined HomeFed in 1990 as branch manager for the Rancho Bernardo and North County Fair branches and was later promoted to retail sales manager.
 Tom Strait, 35, has been appointed manager of the new Southern Coast region, concentrated around Long Beach. Strait began his banking career at HomeFed and most recently served as retail sales manager. During his tenure at HomeFed, Strait was awarded three peak performance awards. He is a graduate of the University of California, San Diego.
 Mike Patterson, 37, was named manager of the West Los Angeles region. Patterson most recently served as division sales manager for Sanwa Bank. Prior to that, he was with HomeFed Bank for more than 16 years, rising to the level of retail sales manager. Patterson received a degree in business management from San Diego State University.
 Bruce Morehead, 34, has been appointed manager of the San Joaquin region which encompasses the southern San Joaquin Valley. Morehead previously served as the manager of the Great Western Santa Rosa/ Montgomery Village branch in Northern California. He is a graduate of the University of California, Los Angeles.
 With assets of $38 billion, Great Western Financial Corp. is a diversified financial services company operating more than 1,100 mortgage lending, retail banking and consumer finance offices nationwide. The company's principal subsidiary, Great Western Bank, operates extensive banking branch networks in California and Florida.
 -0- 1/12/94
 /CONTACT: John Tomakin, 818-775-3657, or Steve Hawkins, 818-775-3766/


CO: Great Western Bank; HomeFed Bank ST: California IN: FIN SU: PER

JB-LS -- LA039 -- 1580 01/12/94 18:09 EST
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Publication:PR Newswire
Date:Jan 12, 1994
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