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PHILLIP D. VINCENT TO MANAGE NORTHEASTERN FDIC OPERATIONS FOR J.E. ROBERT COMPANIES

 PHILLIP D. VINCENT TO MANAGE NORTHEASTERN FDIC OPERATIONS
 FOR J.E. ROBERT COMPANIES
 ALEXANDRIA, Va., Aug. 10 /PRNewswire/ -- Phillip D. Vincent has been named senior vice president of the company and senior contract manager of Northeastern FDIC contract operations for the J.E. Robert Companies, Chairman and Chief Executive Officer Joseph E. Robert Jr. announced today.
 In his new post, Vincent will manage the disposition of troubled portfolios for four failed Connecticut and New York banks. These portfolios consist of over 3,000 assets and 5,000 receivables worth $1.2 billion. Vincent will relocate to the J.E. Robert Companies new office in Milford, Conn., where he will report to President and Chief Operating Officer Donald Crocker.
 "Phil has demonstrated an unusual breadth of abilities in previous assignments managing large portfolios of troubled real estate," Robert said in his announcement. "His experience in all phases of our Houston RTC operations makes him the ideal person to spearhead our new Northeastern FDIC operations."
 Vincent has been serving as vice president of finance and administration and manager of the J.E. Robert Companies' Houston office. Prior to joining the Robert organization in 1990, he had served as executive vice president at NCNB Texas National Bank and at University Federal Savings Association. He holds a bachelor of science in finance from Oklahoma State University.
 J.E. Robert Companies is one of the largest asset management/capital recovery firms in the country with more than $10 billion of real estate and loans under management or oversight. Headquartered in Alexandria, the firm has regional offices in every major market in the nation.
 -0- 8/10/92
 /CONTACT: Ann Stephenson of J.E. Robert Companies, 908-439-3660/ CO: J.E. Robert Companies ST: Virginia IN: FIN SU: PER


CK-PS -- NY030 -- 8445 08/10/92 10:48 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
Words:301
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