PEOPLE : Another Columbia S&L; Official to Leave
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Another senior executive at Columbia Savings & Loan is leaving the troubled Beverly Hills thrift.
Daniel C. Rohr, Columbia’s executive vice president and chief credit officer, will join First Bank System in Minneapolis on May 21 as executive vice president and manager of the bank’s commercial banking group. A former Continental Bank executive, Rohr, 44, will work for First Bank Chairman John F. Grundhofer, formerly Wells Fargo’s top Los Angeles executive.
Rohr’s job at Columbia, which he joined in September, 1988, included monitoring credit problems in the troubled junk bond portfolio. He was also one of six executives who, along with former CEO Thomas Spiegel, once ran the thrift in a partner-like manner.
Columbia’s portfolio of high-yield junk bonds and preferred stock has plunged by more than $1 billion in value over the past year, rendering the thrift insolvent and putting it in danger of being seized by regulators.
Other top executive who have left Columbia or announced their resignations include Spiegel, former President Lawrence K. Fish, former Chief Financial Officer James A. D’Aquila and David A. Sachs, a Columbia executive vice president whose resignation is effective Friday.
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