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SANTA MONICA BANK ANNOUNCES PRESIDENT AUBREY L. AUSTIN TO ACT AS CEO

 SANTA MONICA, Calif., Aug. 26 /PRNewswire/ -- Joe L. Walling, chairman of the board of Santa Monica Bank announced that effective Oct. 1, 1993, the president of the bank, Aubrey L. Austin shall act as chief executive officer. As previously announced, Walling will retire as the bank's chief executive officer effective Sept. 30, 1993.
 Austin, 46, joined the bank in 1977 as assistant vice president after a five-year association with Wells Fargo Bank. In 1979, he was promoted to vice president and assumed the duties of cashier of the bank in 1983. In 1984, he was promoted to senior vice president and was elected to the bank's board of directors in 1985. Austin was named executive vice president and chief operating officer in 1988. He was appointed president of the bank in 1989; a position he will continue to hold.
 Austin has been a dynamic leader both within the bank and the community. He currently serves as president of the Santa Monica College Foundation and is a past president of the Santa Monica College Associates. He is a trustee of St. John's Hospital and Health Center Foundation and serves as vice chairman of the United Way-Western Region. He is a member and past president of the Rotary Club of Santa Monica. In addition to these offices, he serves numerous charitable organizations such as the Boy's and Girl's Clubs of Santa Monica and the Salvation Army. He has been active with independent banking associations throughout California.
 Austin resides in Santa Monica with his wife Roma, and daughter Lauren.
 -0- 8/26/93
 /CONTACT: Aubrey L. Austin of Santa Monica Bank, 310-394-9611/


CO: Santa Monica Bank ST: California IN: FIN SU: PER

EH -- LA015 -- 6075 08/26/93 10:54 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
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