Sherringham

The gig: Chief executive of 300-branch People's United Financial Inc. of Bridgeport, Conn., the largest regional bank based in New England, with a goal of expanding to California and other potential growth markets. Personal: 56 years old; married to Marie Helene; one daughter; homes in Fairfield, Conn., and Los Angeles. Background: Son of a British father and French mother and educated in Paris, Sherringham came to L.A. on a fluke and wound up holding posts at Home Savings of America, Fidelity Federal Bank, California Federal Bank and Sanwa Bank (later renamed United California Bank)

The gig: Chief executive of 300-branch People's United Financial Inc. of Bridgeport, Conn., the largest regional bank based in New England, with a goal of expanding to California and other potential growth markets. Personal: 56 years old; married to Marie Helene; one daughter; homes in Fairfield, Conn., and Los Angeles. Background: Son of a British father and French mother and educated in Paris, Sherringham came to L.A. on a fluke and wound up holding posts at Home Savings of America, Fidelity Federal Bank, California Federal Bank and Sanwa Bank (later renamed United California Bank)

Philip R. Sherringham has been named senior vice president and treasurer of CalFed Inc. and its subsidiary, California Federal Savings and Loan Assn., Los Angeles. He previously was senior vice president and director of financial services at Home Savings of America in Irwindale.

Helped by a wider interest-rate margin and a onetime gain from the sale of some real estate loans, Citadel Holding Corp. in Glendale said its fourth-quarter profit nearly tripled from a year earlier. But for all of 1991, its net income plunged 88% due to higher loan-loss provisions. Citadel, the parent of Fidelity Federal Bank, earned $12.3 million in the fourth quarter, up from $4.4 million during the same period a year earlier. For the year ended Dec. 31, Citadel earned $2.

In less than three months, Citadel Holding Corp., the Glendale parent of Fidelity Federal Bank, has seen its stock plunge by about 60%, from a 52-week high of $37.125 a share to $14.75 as of Monday's close. The problem isn't so much that Citadel lost $33 million in the third quarter after taking big loan-loss provisions--the thrift's percentage of problem loans is still only about half that of most other Southern California savings and loans, according to analysts.

The spirit of the Olympics dies hard. The competitive flame stays lit no matter the obstacle. It can even leap from sport to sport and from generation to generation. Consider, for instance, Peter Thorrington. Several decades ago, he was a top-class 400-meter runner, good enough, apparently, to have competed in the Olympic Games. But politics intervened and he was not allowed the chance. Consider, now, John Thorrington.

This month, the once unthinkable becomes official: America's economic boom will smash the all-time record for longevity, replacing the 1960s as the most durable streak of prosperity in U.S. history. But can the good times keep on rolling if interest rates keep on rising--as they are expected to do again as soon as Wednesday? Jeremy Breck, a systems analyst, isn't going to get in the way.