Jerome Nussbaum has been promoted to president and chief operating officer of Gibraltar Savings, Beverly Hills.
The 40-year-old Nussbaum succeeds Herbert J. Young, who continues as chairman and chief executive.
Young also continues as chairman and president of Gibraltar Financial Corp., the S&L's parent. Nussbaum, who joined Gibraltar in 1985, will continue as executive vice president and chief financial officer of the parent company, Gibraltar said.