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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 28, 1994
WESTCORP
(Exact name of registrant as specified in its chart)
California 33-13646 51-0308535
(State or other jurisdiction Commission File IRS Employer
or incorporation) Number Identification Number
23 Pasteur, Irvine, California 92718-3804
(Address of principal executive offices) (Zip Code)
714-727-1000
(Registrant's telephone number, including area code)
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ITEM 5: Other Events
On Wednesday, December 28, 1994, Westcorp, the savings and loan
holding company parent of Western Financial Savings Bank, F.S.B., Irvine,
California (the "Bank"), announced that Joy Schaefer was elected Senior
Executive Vice President and Chief Operating Officer of the Bank, effective
immediately. At the same time, Lee Whatcott was promoted to Senior Vice
President and Chief Financial Officer of the Bank. Earlier this month J. Keith
Palmer was promoted to Treasurer, having served as Assistant Treasurer for the
last year. Ms. Schaefer has served as C.F.O. and Treasurer of both Westcorp and
the Bank for the previous three years. She has been employed in the financial
services industry for 14 years, the last five of which have been with Westcorp
and the Bank. Mr. Whatcott has also been Controller of Westcorp and the Bank
for the last three years.
ITEM 7: Financial Statements and Exhibits
a. List of documents filed as a part of this report
Exhibit 20. Westcorp News Release of December 28, 1994
WESTCORP
a California corporation
Dated: December 28, 1994
/s/ HARRIET BURNS FELLER
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Harriet Burns Feller
Vice President/Secretary
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NEWS RELEASE EXHIBIT 20
RELEASE DATE: December 28, 1994
Contact: Joy Schaefer
(714) 727-1065
[LOGO] WESTCORP
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WESTCORP ANNOUNCES THE APPOINTMENT OF THE NEW
CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER AND TREASURER
Irvine, CA: Westcorp (NYSE:WES), the savings and loan holding company
parent of Western Financial Savings Bank, F.S.B., Irvine, California (the
"Bank"), announced today that Joy Schaefer was elected Senior Executive Vice
President and Chief Operating Officer of the Bank, effective immediately. At the
same time, Lee Whatcott was promoted to Senior Vice President and Chief
Financial Officer of the Bank. Earlier this month J. Keith Palmer was promoted
to Treasurer, having served as Assistant Treasurer for the last year.
Ms. Schaefer has served as C.F.O. and Treasurer of both Westcorp and the Bank
for the previous three years. She has been employed in the financial services
industry for 14 years, the last five of which have been with Westcorp and the
Bank. Mr. Whatcott has also been Controller of Westcorp and the Bank for the
last three years.
Western Financial Savings Bank, F.S.B. operates through 49 retail,
mortgage banking and auto finance locations in four states with its principal
activities located in California, specializing in auto finance and real estate
lending. Its wholly-owned subsidiary, Westcorp Financial Services, Inc., offers
consumer finance services through 53 locations in five western states.
