SAN FRANCISCO — Thomas A. Cooper, who resigned as president of BankAmerica last month after losing a power struggle, Thursday was named chairman and chief executive of ISFA Corp., a much smaller financial services concern in Tampa, Fla.
ISFA, which stands for Investment Services for America, sells mutual funds, insurance products and other financial services through a network of about 250 banks, thrift institutions and credit unions.
The 5-year-old firm is owned by Kemper Financial Services; Northeast Savings Bank of Harford, Conn., and 14 other thrifts.
Cooper, 50, called his new job "an exciting opportunity to build and expand a highly successful, innovative company that has tremendous potential." Still, the position appears to be a far cry from the presidency of BankAmerica, the nation's second-largest banking company, with assets of $90 billion.
Cooper, a former Methodist minister, said the new position will allow him to be more "creative" in devising products and services. At BankAmerica, the troubled parent of Bank of America and Seafirst Bank, Cooper was best known for cutting costs.