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JAMES S. BROWN RESIGNS AS CHAIRMAN AND CEO OF BSD BANCORP

 SAN DIEGO, March 24 /PRNewswire/ -- BSD Bancorp (AMEX: BSD) today announced that James S. Brown, chairman and chief executive officer of BSD Bancorp, has resigned from both positions effective March 31, 1993. He has been chairman since the firm was founded in 1980. No successor has been named.
 This voluntary decision was made, said Brown, to allow the holding company to focus on the future. Brown plans to devote full time to his other business interests.
 Ward W. Deems, in an unrelated announcement, also tendered his resignation as a director on the BSD Bancorp board, effective immediately. He cited personal reasons for the decision.
 Current members of the board of directors are Marilyn K. Creson, George J. Kuhrts III, Alan B. Lord and Frank J. Mercardante.
 BSD Bancorp will aggressively pursue new members for the board who can assist efforts to recapitalize the holding company for The Bank of San Diego and North American Trust Co.
 -0- 3/24/93
 /CONTACT: Marilyn Creson, CFO of BSD Bancorp, 619-237-5367/
 (BSD)


CO: BSD Bancorp ST: California IN: FIN SU: PER

KJ-JB -- SD002 -- 9319 03/24/93 19:55 EST
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Publication:PR Newswire
Date:Mar 24, 1993
Words:187
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