During the worst year for the thrift industry since the early 1990s, no company is suffering more than Bank Plus Corp.

The Los Angeles thrift said Tuesday that its chief executive, Richard M. Greenwood, has resigned, after seven years with the company. Bank Plus, the parent of Fidelity Federal Bank, has effectively suspended the subprime credit card lending program it was building aggressively.

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.