Magazine article American Banker

CalFed Likely to Appoint Glenn as New Senior Vice President

Magazine article American Banker

CalFed Likely to Appoint Glenn as New Senior Vice President

Article excerpt

WASHINGTON -- CalFed Inc., a Los Angeles-based thrift holding company, is expected to announce the appointment of David W. Glenn to the newly created position of senior vice president in charge of strategy, planning, and acquisitions.

Mr. Glenn is the former director of the Federal Savings and Loan Insurance Corp. He left that position in late June.

Until a few weeks ago, Mr. Glenn appeared to be headed to Dallas to become the new president of the regional Federal Home Loan Bank there. But according to thrift industry sources, some political ploys interfered with those plans.

Industry sources speculated that the new Dallas Home Loan Bank president may be Roy Green, who is currently executive director of the U.S. League of Savings Institutions in Washington.

But several people close to the situation said a Dallas search committee had talked to Mr. Glenn about taking the job, and the former FSLIC director said he was interested. Mr. Glenn, however, told the search committee he first wanted to talk to Bank Board Chairman Edwin J. Gray, who was his former boss as FSLIC director, to make sure Mr. Gray did not have any objections, the sources said.

According to observers, Mr. @glenn was satisfied with the results of the meeting and told the search committee that he would like the job. They added that the Dallas Home Loan Bank board of directors was ready to formally offer the job to Mr. Glenn when they got a call at the last moment from Mr. Gray saying he would not confirm Mr. …

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