GLENDALE, Calif. -- Citadel Holding Corp., the parent of Fidelity Federal Bank, said William C. Walbrecher had left his posts as executive officer and president.

James J. Cotter, acting chairman, said arrangements for retaining a new CEO for both Citadel and Fidelity would be made at board meetings today. Mr. Walbrecher's successor would need approvals from the board and the Office of Thrift Supervision before taking charge of the $5 billion-asset thrift.

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