Monterey Bay Bancorp, Watsonville, Calif., has elected Stephen G. Hoffman as a director, succeeding William J. Meidl, who resigned.

Mr. Hoffman was also appointed director of its Monterey Bank and Portola Investment Corp. He is expected to complete the last two years of Mr. Meidl's unexpired terms.

Mr. Hoffmann had been the president and CEO of Palm Springs Savings Bank, and was later vice chairman of First Community Bank of the Desert.

Mr. Meidl joined Monterey Bay in 1955 and rose through the ranks to become president and CEO. He retired from those jobs in 1994 and remained a director.

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