Bank Plus Corp. announced the resignation of its chief executive officer and said 1998 earnings would be less than estimated.

The thrift company said chief executive Richard M. Greenwood stepped down "to pursue his interests in the future of electronic commerce" and would be succeeded immediately by chief financial officer Mark K. Mason.

Bank Plus, which reported a second-quarter loss because of difficulties with its portfolio hedging strategies, said its earnings would fall shy of the analyst consensus of $1 per share for the year.

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