Glendale Federal Plans to Combine Retail Groups

Glendale Federal Bank said it would reorganize its retail banking operations in California, combining two separate groups into one, called the California Group.

Glendale Federal said that, effective Nov. 1, it would combine its Guarantee Group--which consists of 41 offices in the Central Valley, most of which the S&L; acquired when it bought Guarantee Savings in 1987--with a group that runs the rest of Glendale Federal’s California branches.

Along with the reorganization, Glendale Federal announced a number of personnel changes.

O. James Woodward III, executive vice president and manager of the Guarantee Group, resigned, effective Nov. 1, and will join a Fresno law firm.

Jack Daly was named to head the newly combined operations as executive vice president and manager of the California Group.

Marcia VanDyck Nagel will be head of the Northern California region of the California Group. James Riordan was appointed to head the Southern California region.

Steven McGough will be the California Group’s real estate loan manager. Glendale Federal named Jack Good to the position of senior vice president and real estate-commercial lending manager for the Central Valley. Tony Frisicaro was appointed consumer loan manager-Southern California. William Lynch will be consumer loan manager-Northern California. Sue North will continue as senior financial officer for the California Group.