Anne Bacon takes the helm of Redfed Bancorp at a crucial time for both the company and the Southern California multifamily market.

Ms. Bacon, who replaced the retiring Robert G. Wiens as chief executive of the $960 million-asset Redlands, Calif., thrift last week, will decide in the next three months what to do with Redfed's bulky portfolio of nonperforming multifamily loans and foreclosed real estate.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.