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California Federal Names New President and CEO

September 29, 1993

Undated (AP) _ California Federal Bank announced Wednesday the election of Edward G. Harshfield as president and chief executive, succeeding William L. Callender, who, as previously announced, will retire next month.

Harshfield, 56, most recently served as president and CEO of First City Bancorp of Houston, an $8.9 billion institution the FDIC asked him to help stabilize after regulators seized it last October.

CFB also named David Gilbert to the modified position of chairman. Gilbert, 47, is a senior vice president at Logica North America, a financial industry consulting firm.

Harshfield will assume the operating responsibilities of Jerry St. Dennis, 51, who resigned in July as chairman. Gilbert will chair board meetings, appoint committees, and oversee governance issues.

Michael W. Arthur, 54, interim chairman since July, will return to his role as an outside director.

Los Angeles-based CFB, with $16 billion in assets, has 183 banking offices in California, Florida, Nevada and Georgia.

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