RANCHO CUCAMONGA, Calif., Dec. 14 /PRNewswire-FirstCall/ -- Kevin
McCarthy, President and Chief Executive Officer of PFF Bancorp, Inc.
(NYSE: PFB), the holding company for PFF Bank & Trust (the "Bank"),
Diversified Builder Services, Inc., and Glencrest Investment Advisors, Inc.,
today announced that Jerald W. Groene, 59, Executive Vice President and Chief
Lending Officer for the Bank has announced his intention to retire effective
July 3, 2007. As part of the management succession plan, Vice President
William G. "Greg" Standlea has been appointed Assistant Chief Lending Officer
for the Bank effective immediately. Upon Mr. Groene's retirement,
Mr. Standlea will become Chief Lending Officer.
Mr. Standlea, 56, has served in various capacities within the Lending
Division of the Bank since 1986, including Assistant Major Loan Manager,
Manager of Residential Construction Lending and Residential / Consumer Loan
Production Manager. Prior to joining the Bank, Mr. Standlea served as Chief
Lending Officer for another Inland Empire based financial institution.
Mr. McCarthy commented, "During his 34 year career with the Bank, Jerry
has been instrumental in our transition from a traditional thrift lending
model to a diversified community bank lending portfolio. The depth of our
management team in the lending division presented us with several very
qualified candidates to step into the role of Chief Lending Officer. I'm
confident that Greg's background and demonstrated capabilities coupled with
the depth of our talent in the lending division will provide for a seamless
and successful management succession."
SOURCE PFF Bancorp, Inc.
12/14/2006
CONTACT: Kevin McCarthy, President and CEO, or Gregory C. Talbott,
Senior Executive Vice President, COO/CFO, both of PFF Bancorp, Inc.,
+1-909-941-5400
(PFB)