Security Pacific Corp., the Los Angeles-based financial...

Security Pacific Corp., the Los Angeles-based financial services holding company, said it has reorganized its Security Pacific Mortgage Corp. into two separate operating subsidiaries, effective today. Richard L. Holl, now an executive vice president at Security Pacific Mortgage, was named president and chief executive of the newly formed commercial mortgage group, and Duane T. Adkison, who as an executive vice president headed the residential mortgage banking group, will have the title of president and chief executive of the residential mortgage group.

The company also said Robert B. Ferguson Jr., president and chief executive of Denver-based Mortgage Corp., will join Security Pacific National Bank to head the bank’s California mortgage activities.