Printer Friendly

HAMILTON FINANCIAL SERVICES CORP. APPOINTS WILLIAM D. RAST AS PRESIDENT AND HERBERT SILVERMAN AS DIRECTOR

 SAN FRANCISCO, Nov. 4 /PRNewswire/ -- Hamilton Financial Services Corp. (NASDAQ: HFSC) announced today that its board of directors has appointed William D. Rast as president and Herbert J. Silverman as a director of the corporation.
 Rast has been president and chief operating officer of Hamilton Financial Corp., the chief subsidiary of Hamilton Financial Services Corp., since May of 1992, and he will retain that position, in addition to his new appointment as president of the parent company.
 In addition to being a member of Hamilton's board, Silverman also serves as a member of the board of Neuberger & Berman's Selected Sectors Fund and their Partners Fund, and Lincorp Inc. He is Senior Advisor to the Bank Julius Baer (Switzerland) and is a Life Trustee of New York University. Previously, Silverman was the chairman of the Finance Committee of Helmsley Spear Inc., vice chairman of Baer-American Banking Corp., chairman and chief executive officer of Talcott National Corp. (now Leucadia National Corp.), and the vice chairman of the board of trustees of New York University.
 Chairman of the Board William Kirschenbaum remarked that, "The naming of Mr. Rast as president of Hamilton Financial Services Corporation is not only a well-deserved appointment, but it is also an important step for Hamilton in its path toward achieving its corporate goals. We are also pleased that Mr. Silverman has joined Hamilton's Board of Directors and we look forward to the experience and expertise he brings to the board."
 Hamilton Financial Services Corp., through its subsidiary, Hamilton Financial Corp., is primarily engaged in the mortgage banking business, which consists of the origination, sale and servicing of residential mortgage loans and the purchase and sale of mortgage servicing rights. Loan offices are located in California, Washington, Oregon, Colorado, Georgia, Idaho, Texas, Illinois, Kansas, Arizona and Alabama. Through Hamilton Carter Smith & Co. Inc., the company is also engaged in the brokerage of mortgage servicing rights and the performance of valuation and consulting services for the mortgage banking business.
 -0- 11/4/93
 /CONTACT: Veronica Masterson, director of investor relations, 415-597-5672, or William Kirschenbaum, chairman of the board, 212-832-9832, both of Hamilton Financial Services/
 (HFSC)


CO: Hamilton Financial Services Corp. ST: California IN: FIN SU: PER

LW-RB -- SF001 -- 0471 11/04/93 07:45 EST
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:Nov 4, 1993
Words:375
Previous Article:CONSOLIDATED NATURAL GAS COMPANY REPORTS RESULTS FOR FIRST NINE MONTHS
Next Article:CENTEX TELEMANAGEMENT INC. REPORTS THIRD QUARTER 1993 EARNINGS AND RECORD GEOGRAPHIC EXPANSION
Topics:

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