Printer Friendly

ROCHESTER COMMUNITY ANNOUNCES MANAGEMENT CHANGE

 ROCHESTER, N.Y., Sept. 2 /PRNewswire/ -- Rochester Community Savings Bank (NASDAQ: RCSB) today announced that Lowell C. Patric, 48, RCSB's President and Chief Operating Officer, has resigned from the Bank and its Board of Directors for personal reasons. The Bank said that Patric's duties would be assumed by RCSB's Chairman and Chief Executive Officer Leonard S. Simon.
 Simon commented, "More responsibilities will be delegated to our seasoned business unit managers. This will streamline management and augment our ability to respond quickly and effectively to our customers. With RCSB's plan to dispose of nonperforming assets well underway, we have great confidence in our future and we expect that RCSB will demonstrate substantially improved profitability in 1994 from the earning power and value of our successful consumer financial services business, the core of RCSB's value."
 Rochester Community Savings Bank is a publicly owned, state- chartered savings bank headquartered in Rochester, N.Y. The bank operates 28 retail banking offices in western New York, and through its wholly owned subsidiary, Shadow Lawn Savings Bank, 16 retail banking offices in central New Jersey. RCSB also owns subsidiaries engaged in mortgage banking, automobile financing, insurance, and securities brokerage.
 -0- 9/2/93
 /CONTACT: Charis Copin of Rochester Community Savings Bank, 716-423-7278/
 (RCSB)


CO: Rochester Community Savings Bank ST: New York IN: FIN SU: PER

BM -- CL007 -- 8253 09/02/93 08:37 EDT
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:Sep 2, 1993
Words:228
Previous Article:E COLI OUTBREAK AT NORTHGATE SIZZLER
Next Article:OFFICE DEPOT EXTENDS OFFER FOR EASTMAN, INC. NOTES
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters