American Savings Of Florida Hires Taylor as CEO

Stephen D. Taylor, a Citicorp executive, has been elected president, chief executive officer, and a director of $3.5 billion-asset American Savings of Florida, Miami.

The election, subject to Office of Thrift Supervision approval, caps a two-month national review of candidates, the thrift said.

Mr. Taylor is to assume his new duties in mid-October. He was also based in Miami in 1986-88, as president and CEO of Citicorp Savings of Florida.

Since 1988, Mr. Taylor has been chief credit officer for U.S. noncredit-card consumer portfolios at Citicorp. His 20-year career with the company has also included managing Mid-Atlantic regional mortgage operations; being president and general manager at finance-company affiliates in Japan, the Philippines, and Australia, and holding posts in India and Lebanon.

At American Savings he is to succeed Edward P. Mahoney, president and chief operating officer. Mr. Mahoney, an executive of the thrift since 1978, announced his resignation in July but agreed to stay until the end of the year to ease the transition.

Mr. Taylor said the thrift would put primary focus on obtaining approval from the Office of Thrift Supervision for a comprehensive capital plan.

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