Federal regulators have hired a new president for troubled North America Savings & Loan Assn. in Santa Ana, an S&L formed in January from the remains of the insolvent, state-chartered savings and loan of the same name.
Janice K. Ramocinski will take over the reins of the troubled S&L under contract with the Federal Home Loan Bank Board, which controls North America under the agency's consignment program.
Ramocinski, 35, a resident of Orange, will replace Charles Bottomley, 55, who is retiring. She becomes one of a handful of women to head an S&L in California.
North America Savings was first seized by state S&L regulators on Jan. 16, several hours after its owner, Duayne D. Christensen of Newport Beach, died in a car crash. When state examiners found evidence of widespread fraud at the S&L, they turned the operation over to the bank board and its liquidating arm, the Federal Savings and Loan Insurance Corp., on Jan. 23.