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HOMEFED MAKES CHANGES TO BOARDS.

TO BUSINESS:
 HOMEFED MAKES CHANGES TO BOARDS
 SAN DIEGO, April 30 /PRNewswire/ -- HomeFed Corp. (NYSE: HFD) today announced that it has made changes to the composition of its board of directors due to changing responsibilities resulting from the inclusion of HomeFed Bank into the Accelerated Resolution Program by the Office of Thrift Supervision and the Resolution Trust Corp.
 "Because of interests of different groups that need to be considered in forumlating future strategies for HomeFed Corp. and HomeFed Bank, we feel this can best be achieved by altering the composition of the boards for the company and the bank," said Kim Fletcher, HomeFed Corp. chairman of the board.
 HomeFed Corp. directors will include current board members Fletcher, chairman; Timothy M. Considine, William L. Coulson, vice chairman; Terence P. Daly, Owen W. Strange and T.C. Young. In addition, Thomas J. Wageman has resigned as a director, and Terry Lingenfelder, who resigned as a director in February, will rejoin the board.
 Board of directors for HomeFed Bank will include Considine, Coulson, Fletcher, and Wageman. Richard D. Michaels, managing director/asset management group will also join the bank's board.
 "We anticipate there will also be changes in the composition of the executive officers of the holding company in the near future," Fletcher said.
 HomeFed Corp. has two other subsidiaries, HomeFed Communities and HomeFed Resources Corp., which specialize in real estate development activities.
 -0- 4/30/93
 /CONTACT: Monica Wiley of HomeFed, 619-450-7885/
 (HFD) CO: HomeFed Corp. ST: California IN: FIN SU: PER


KJ -- SD005 -- 5021 04/30/92 14:08 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:259
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