H. F. Ahmanson & Co. announced Thursday that William H. Ahmanson will retire as chairman at the end of this month.
William Ahmanson, whose uncle founded the firm as an insurance agency 58 years ago, has been been chairman of the giant savings and loan company for more than 18 years. He will remain a director.
Based in Los Angeles, H. F. Ahmanson is the parent of Home Savings of America, one of the nation's largest and most successful savings and loans. It operates in seven states across the country and has a deposit base of more than $21 billion.
Elected to succeed the 61-year-old Ahmanson was Richard H. Deihl, 58, who will continue as chief executive.
Deihl, however, will give up his title of president, the firm said. He will be succeeded in that job by Mario J. Antoci, who has been elected president and chief operating officer.