2 Key Executives Move Up at Security Pacific

Security Pacific Corp., parent of the state’s second-largest bank, announced Tuesday that two of its top executives had been given new titles and new responsibilities.

George F. Moody, president of Security Pacific Bank, adds the title of chief executive, and Security Pacific Corp. Vice Chairman Robert H. Smith becomes the bank’s chief operating officer.

A company spokeswoman said the moves represented promotions for both men and were not part of a management shake-up.

Moody, 55, joined Security Pacific in 1953 and was elected president and chief operating officer of the bank in 1980. He will continue to serve on the board of both the bank and the holding company.

Smith, 49, joined the company in 1961 and was named vice chairman of both the corporation and the bank in March of last year. He was elected Tuesday as a director of the bank and of the holding company.

“With continued diversification of the financial-services business, these moves reinforce the importance of the bank as the central unit in our growth strategies,” said Richard J. Flamson III, chairman and chief executive of Security Pacific Corp.

In other moves, Henry T. Segerstrom was elected an outside member of the boards of the bank and of the holding company, and Nicholas B. Binkley was named executive vice president of both firms.

Segerstrom is managing partner of C. J. Segerstrom & Sons of Costa Mesa, a real estate development firm. He also serves on the boards of Southern California Edison and Safeco.