Offitbank, New York, a privately held investment bank, has elected Edward V. Regan and Ricardo Steinbruch to the board of directors. The board now has nine members.

Mr. Regan was New York State comptroller for 14 years. He is chairman of the Municipal Assistance Corp. in New York.

Mr. Steinbruch is a principal of Grupo Vicunha, an industrial conglomerate in Brazil.

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