Caton Quits Presidency of NAB Asset Corp.

Michael W. Caton has resigned as president and a director of NAB Asset Corp. but will remain a consultant, the Mission Viejo financial services company said Monday. Charles E. Bradley, chairman of the board and chief executive, will assume Caton’s day-to-day operational responsibilities.

The company also posted a net loss of $2.1 million, or 41 cents a share, for the second quarter, contrasted with net income of $412,000, or 8 cents a share, for the like period last year. Revenue declined 24% to $8.5 million.