Maryland; Governor Names New Director for Much-Assailed Savings and Loan Division

Beginning of article

BALTIMORE -- Gov. Harry R. Hughes has appointed William M. Griffin director of the Maryland Division of Savings and Loan Associations, the state regulatory body that has received much of the blame for the collapse of the state's privately insured savings industry.

Mr. Griffin, 42, who has worked in the thrift industry and currently heads one of the largest credit unions in Baltimore, is to begin work on March 3. His appointment was announced by Gov. Hughes last Tuesday.

In taking control of the Division of Savings and Loans, Mr. Griffin will be responsible for taking a demoralized department and restoring confidence to its employees.

He succeeds Charles …