The chairman of a community bank is likely to hold the job a pretty long time-often for a generation. But California's SGV Bancorp gets a new one every two years.

The West Covina thrift has long rotated its chairmanship. Last month it elected Benjamin S. Wong to the post for the next two years; Mr. Wong, a West Covina city councilman and who owns a restaurant owner, succeeds accountant Royce Stutzman, who will still be a director.

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