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METROPOLITAN FEDERAL ELECTS FASSIO AND CORTELYOU TO BOARD OF DIRECTORS

 SEATTLE, April 16 /PRNewswire/ -- Metropolitan Federal Savings and Loan Association of Seattle (NASDAQ: MSEA) has elected two additional members to its board of directors, the bank said today. Virgil Fassio, publisher of the Seattle Post-Intelligencer (P-I), and David C. Cortelyou, president and chief executive officer for UNICO Properties Inc., joined Metropolitan's board on March 15.
 Patrick F. Patrick, Metropolitan Federal's president and chief executive officer, said, "Fassio and Cortelyou will bring a wealth of business skills together with a spirit of community involvement. We feel customers and shareholders alike will benefit by their addition to Metropolitan's board."
 Fassio has been publisher of the Post-Intelligencer since 1978. He joined the P-I and the Hearst Corp. as general manager in 1976 after five years as vice president and circulation director of The Chicago Tribune. Fassio is a past chair of the Washington Council on International Trade, a past chair of the Downtown Seattle Association, and a past chair of the Seattle-King County Convention and Visitors Bureau. He's been treasurer of the Seattle Rotary No. 4, and is commissioner of the Seattle Mariners' RBI Club and president-elect of the Hope Heart Institute.
 Fassio serves on the boards of Seattle University, Greater Seattle Chamber of Commerce, Seattle Goodwill Industries, the Museum of Flight, the Odyssey Maritime Museum, the Woodland Park Zoological Society and the Medic One Emergency Medical Foundation.
 He co-chaired the "Save Our Elephants" campaign in 1984-85 which raised $3 million for the world-class Asian elephant forest habitat at Woodland Park Zoo, and is currently organizing "Youth Partnership in Community Service" for Western Washington, a pilot program for the American Institute of Public Service.
 Cortelyou was named president of UNICO Properties Inc. in 1990 and was made chief executive officer in 1992. He joined the company in 1963 and in 1980 assumed responsibility for all operations and construction activity for UNICO, including construction of the One Union Square Building, a 38-story office building, in 1981.
 UNICO Properties Inc. currently manages approximately 3,200,000 square feet of office space in Seattle. The company constructed the Puget Sound Plaza in 1960, the IBM Building in 1964, The Financial Center in 1973, The Tower at Rainier Square in 1978, and most recently, the Two Union Square Building adjacent to the Washington State Convention and Trade Center.
 Cortelyou is a past president of the Washington Athletic Club, past president of the Building Owners and Managers Association of Seattle & King County, vice chair and board member of the Downtown Seattle Association and vice president of Seattle Rotary No. 4. He also serves on the board of the Seattle King County American Red Cross and is a member of the finance committee for United Way of King County. Cortelyou was chair of the Seattle Public School Levy 1990 and a member of the Citizens Oversight Committee for the Seattle 1, 2, 3 Bond Issue.
 The addition of two new members to Metropolitan's board brings the total number of directors to nine.
 Metropolitan Federal is an FDIC-insured, federally chartered savings and loan association organized in 1935 with seven branches in the greater Puget Sound area.
 -0- 4/16/93
 /CONTACT: Suzanne Tessaro of Metropolitan Federal, 206-654-7826/
 (MSEA)


CO: Metropolitan Federal Savings and Loan Association ST: Washington IN: FIN SU: PER

LM-SW -- SE009 -- 7027 04/16/93 20:00 EDT
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Date:Apr 16, 1993
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