Temple-Inland Taps Adelizzi
DIBOLL, Tex. - Temple-Inland Inc. said Friday it appointed Robert F. Adelizzi chairman and chief executive officer of its thrift subsidiary, Guaranty Federal Savings Bank, effective Jan. 1.
Mr. Adelizzi, 56, will succeed Richard M. Jones, who is retiring.
Mr. Adelizzi was president and CEO of HomeFed Bank, San Diego. He resigned in May as regulators cracked down on the troubled thrift, which has $16 billion in assets.
He began his career with HomeFed in 1961 and became chief operating officer in 1981, a director in 1983, and CEO in 1990.
In addition to his post at Guaranty Federal, Mr. Adelizzi will head the financial services group of Temple-Inland, a manufacturer of paper, packaging, and building products.
Its Dallas-based subsidiary, Guaranty Federal, has assets of more than $7 billion and 100 branches in Dallas/ Fort Worth, Houston, San Antonio, Austin, and central Texas.