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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 16, 1996
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California Financial Holding Company
(Exact name of registrant as specified in its charter)
Delaware 0-16970 68-0150457
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
501 West Weber Avenue Stockton, California 95203
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (209) 948-6870
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Item 5. Other Events
California Financial Holding Company is filing herewith a copy of
its press release, dated October 2, 1996, with respect to the
resignation of one of its Directors.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 -- Press Release
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See Exhibit 99 attached hereto.
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SIGNATURES
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 hereunto duly authorized.
CALIFORNIA FINANCIAL HOLDING COMPANY
/s/ Robert V. Kavanaugh
Date: October 3, 1996 -------------------------------------
Robert V. Kavanaugh, President and
Chief Operating Officer
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CALIFORNIA FINANCIAL HOLDING COMPANY
Parent Company of Stockton Savings Bank, F.S.B.
501 West Weber Avenue
Stockton, California 95203-3169/(209)948-1675
NEWS RELEASE CONTACT: Robert V. Kavanaugh
President and Chief Operating
Officer
(209) 948-6870
CALIFORNIA FINANCIAL -- DIRECTOR LEAVES BOARD
Stockton, CA -- October 2, 1996 -- California Financial Holding
Company (NASDAQ: CFHC), the holding company for Stockton Savings Bank,
today announced that Dean A. Cortopassi had resigned as a director of both
the Company and its principal subsidiary, Stockton Savings Bank, F.S.B.
Mr. Cortopassi's resignation was effective at the adjournments of the
meetings of the boards of directors of the two companies on September 16,
1996.
The Board expressed its appreciation for Mr. Cortopassi's service
and wished him well in his future endeavors. California Financial has no
immediate plans to replace Mr. Cortopassi as a director, but will address
the issue of a replacement in connection with the company's annual meeting
of shareholders in 1997.
California Financial is the parent of Stockton Savings Bank, a
23-branch institution that was founded in 1887. The Bank serves as the
"hometown bank", offering its customers highly personalized service in
many communities throughout the Central San Joaquin Valley and the Sierra
Foothills.
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