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BANKING/FINANCE

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Compiled by James S. Granelli, Times staff writer

In a restructuring of Household Bank, a Newport Beach-based savings and loan that operates in six states, corporate operations have been shifted to Chicago and Michael G. Rombold has quit as president and chief executive officer.

Charles A. Colip replaced Rombold as president of the California division, and Serge Uccetta of Chicago replaced Rombold as chief executive officer over the six-state operation. Uccetta also was named chairman, replacing Edward G. Harshfield, who left in November over differences in the S&L;’s direction.

Colip had been the S&L;’s executive vice president and chief operating officer under Rombold. Uccetta, based in Chicago, had been vice chairman.

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“There’s no animosity. I’m not upset or angry. I’ve had a fantastic three years here,” said the characteristically upbeat Rombold. Discussions over moving corporate operations to Chicago had been going on for about five months, he said.

Colip said the S&L;’s headquarters remains in Newport Beach under its federal charter, but all directors and top operating officers are now in Chicago.

Household Bank, owned by Household International in Chicago, also has divisions in Colorado, Kansas, Maryland and Ohio. Among Household International’s more familiar subsidiaries are Household Finance Corp. and National Car Rental.

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