Midland Savings Bank, a Des Moines thrift, has named Lee Griffin as president of its Midland Investment Services unit.

Mr. Griffin will retain his position as vice president of retail banking for the thrift, Iowa's largest. Both the thrift and the investment services unit are subsidiaries of the Central Companies.

Midland Investment Services specializes in selling mutual funds, annuities, securities, and life insurance. It was established in 1986, And its cumulative sales volume recently topped the $200 million mark. Of that, nearly $40 billion was sold in 1992 alone.

Mr. Griffin said his aim is to enhance coordination between the thrift and the investment unit.

Alfred P. Moore, Midland's president, said Mr. Griffin's new position is "a natural extension of the work he's already doing in retail banking."

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