WASHINGTON -- The Savings and Community Bankers of America, created by the merger of two national thrift trade groups, officially began business this week.

The association, which combines the U.S. League of Savings Institutions and the National Council of Community Bankers, has about 2,000 members. Their assets total $800 billion.

At a board meeting Monday, the new group confirmed the appointment of Paul A. Schosberg as president. He had been executive vice president of government and community relations at the Community Bankers Association of New York State.

Gerald J. Pittenger is the new group's chairman. He is chairman, president, and chief executive of Great Western Bank, Bellevue, Wash.

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