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Spotlight: Bank Plus Chooses a New Chief Executive

October 30, 1998

Bank Plus Corp. said it named Chief Financial Officer and interim Chief Executive Mark Mason CEO, filling the vacancy left when its top executive quit in September. Los Angeles-based Bank Plus, a consumer finance company, also named Mason, 39, chairman and CEO of its Fidelity Federal Bank subsidiary. Richard Greenwood quit as chief executive after the company cut its 1998 earnings estimates when it stopped offering credit cards to risky customers and boosted its reserves against losses.

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