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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 28, 1996
FirstFed Financial Corp.
(Exact name of registrant as specified in its charter)
Delaware 1-9566 95-4087449
(State of Incorporation)(Commission File No.)(IRS Employer
Identification No.)
401 Wilshire Boulevard, Santa Monica, California, 90401-1490
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310) 319-6000
Total number of pages is 2.
Index to Exhibit is on Page 3.
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Item 5. Other Events.
On August 28, 1996, the registrant, FirstFed Financial Corp.,
issued a press release. A copy of this press release is attached
and incorporated herein as Exhibit 99.
Item 7. Financial Statements and Exhibits
a) Financial Statements of businesses acquired.
Not applicable.
b) Pro forma financial information.
Not applicable.
c) Exhibits
99. Press release dated August 28, 1996.
S I G N A T U R E S
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
FIRSTFED FINANCIAL CORP.
Dated: August 28, 1996 By: BABETTE E. HEIMBUCH
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Babette E. Heimbuch
President and
Chief Operating Officer
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INDEX TO EXHIBITS
Item Page
99 Press Release dated August 28, 1996 4
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August 27, 1996-Santa Monica, California. The Board of Directors
of FirstFed Financial Corp. (NYSE-FED), today announced the
retirement of William S. Mortensen as Chief Executive Officer
effective January 1, 1997. He will remain as Chairman of the
Board. Babette E. Heimbuch has been elected Chief Executive
Officer effective with Mortensen's retirement. She previously
served as the company's President and Chief Operating Officer.
FirstFed Financial Corp. is the parent holding company of First
Federal Bank of California, a $4 billion banking institution with
25 retail offices and 4 regional loan centers throughout Southern
California.
Mortensen has served First Federal Bank for over 40 years and has
been the firm's Chief Executive for the past 28 years. He is
past Chairman of America's Community Bankers and also the Western
League of Financial Institutions. Heimbuch has served as
President and Chief Operating Officer of the Company and the Bank
since 1989, having joined the firm in 1982 shortly before its
conversion from a mutual savings and loan association to a
publicly held bank. She has been a Director of the Company since
1986.
"The financial industry is ever-changing, responding to the
changing lifestyles of consumers," Mortensen commented. He
added, "First Federal has adapted to these changes, and I am
proud of the success of our management team in meeting these
challenges. I believe we are well positioned for the future, and
the Company is confident that our stock holders, employees and
community will be extremely well served by Babette's leadership
in the important years ahead."
