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GREATER NEW YORK SAVINGS BANK ANNOUNCES MANAGEMENT CHANGES

 GREATER NEW YORK SAVINGS BANK ANNOUNCES MANAGEMENT CHANGES
 NEW YORK, Nov. 20 /PRNewswire/ -- The Greater New York Savings Bank


(NASDAQ: GRTR) reported today that Charles J. Ohlig, its chairman of the board and chief executive officer, had resigned from all positions with the bank for personal reasons.
 Gerard C. Keegan, president and chief operating officer of the bank, was named by the board of directors to the additional positions of chairman of the board and chief executive officer. This appointment is subject to applicable regulatory approval. Keegan has had more than 20 years' experience with the bank, the last five years as its chief operating officer.
 Ohlig stated, "It has been a pleasure to have been a part of The Greater for the past 10 years and an honor to have served as its chairman and chief executive. I am confident that, under Jerry Keegan's leadership, the bank will prosper."
 Keegan stated that, "On behalf of the board of directors, the bank and all its employees, I wish to extend our thanks to Charlie Ohlig for his many contributions and leadership which he has displayed. We wish him well in his new endeavors."
 -0- 11/20/91
 /CONTACT: Philip A. Cimino or Chris Fouhy of The Greater New York Savings Bank, 212-613-4063/
 (GRTR) CO: Greater New York Savings Bank ST: New York IN: FIN SU: PER


TS-FC -- NY016 -- 5326 11/20/91 10:14 EST
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Publication:PR Newswire
Date:Nov 20, 1991
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