Commercial Federal Appoints Robert J. Hutchinson President and Chief Operating Officer

Apr 19, 2001, 01:00 ET from Commercial Federal Corporation

    OMAHA, Neb., April 19 /PRNewswire/ -- Commercial Federal Corporation
 (NYSE:   CFB), the parent company of Commercial Federal Bank, a major regional
 bank with operations in eight Midwestern states, today announced the
 appointment of Robert J. Hutchinson as president and chief operating officer.
     Mr. Hutchinson, 53, joins Commercial Federal from Michigan National Bank,
 which has $11 billion in assets and is headquartered in Farmington Hills,
 Michigan.  At Michigan National, he was senior vice president of Retail
 Financial Services, managing the $11 billion bank's 184 branches and sales
 teams statewide.  He also managed the bank's residential mortgage joint
 venture, served on the bank's Executive Committee, Asset and Liability
 Committee and was a member of the Retail and Direct Worldwide Leadership Team
 of the bank's former owner, National Australia Bank.
     Prior to assuming responsibility for retail management in 1996, Mr.
 Hutchinson was senior vice president of Small Business Banking for Michigan
 National, managing sales, credit management and back office operations for
 both small business and mortgage.  He also managed Non-Branch Delivery,
 significantly expanding non-traditional channels including telephone banking,
 ATMs and debit cards.
     Before joining Michigan National in 1994, Mr. Hutchinson was senior vice
 president in charge of 100 New York branches for Chemical Bank.  He also held
 progressively responsible product management and marketing positions with
 Chemical and with Manufacturers Hanover Trust prior to its merger with
 Chemical in 1991.
     "Bob Hutchinson will play a vital role in helping Commercial Federal as we
 continue to grow a more efficient and profitable regional financial services
 franchise," said William A. Fitzgerald, chairman and chief executive officer.
 "Bob's successful track record during more than 28 years in banking and his
 proven expertise in integrated retail and business banking management add to
 our ability to achieve maximum growth on behalf of our shareholders."
     "I am pleased to join the strong executive management team at Commercial
 Federal," said Mr. Hutchinson.  "By successfully implementing its
 restructuring strategy and introducing changes in its core markets and service
 mix, Commercial Federal is becoming a more aggressive and effective
 competitor.  I look forward to helping to further strengthen our service
 delivery, operational efficiency and financial performance."
     Mr. Hutchinson received a bachelor of arts degree from New York University
 and an MBA from the City University of New York.  He served as a Captain in
 the U.S. Army Air Defense Artillery.
     Commercial Federal Bank is a $12.5 billion federal savings bank that
 currently operates branches in Nebraska, Kansas, Iowa, Colorado, Oklahoma,
 Missouri, Arizona and Minnesota.  Commercial Federal operations include
 consumer and commercial banking, mortgage banking, agricultural lending,
 insurance and investment services and Internet banking.  To learn more, access
 the Commercial Federal Web site at www.comfedbank.com .
 
     NOTE: Certain statements contained in this release are forward-looking in
 nature.  These statements are subject to risks and uncertainties that could
 cause Commercial Federal's actual results or financial condition to differ
 materially from those expressed in or implied by such statements.  Factors of
 particular importance to Commercial Federal include but are not limited to
 changes in general economic conditions, and price levels and conditions in the
 public securities markets generally.
     Photo available upon request by e-mail:
 www.cfbmarketing@commercialfed.com .  Please include your name and e-mail
 address.
 
 

SOURCE Commercial Federal Corporation
    OMAHA, Neb., April 19 /PRNewswire/ -- Commercial Federal Corporation
 (NYSE:   CFB), the parent company of Commercial Federal Bank, a major regional
 bank with operations in eight Midwestern states, today announced the
 appointment of Robert J. Hutchinson as president and chief operating officer.
     Mr. Hutchinson, 53, joins Commercial Federal from Michigan National Bank,
 which has $11 billion in assets and is headquartered in Farmington Hills,
 Michigan.  At Michigan National, he was senior vice president of Retail
 Financial Services, managing the $11 billion bank's 184 branches and sales
 teams statewide.  He also managed the bank's residential mortgage joint
 venture, served on the bank's Executive Committee, Asset and Liability
 Committee and was a member of the Retail and Direct Worldwide Leadership Team
 of the bank's former owner, National Australia Bank.
     Prior to assuming responsibility for retail management in 1996, Mr.
 Hutchinson was senior vice president of Small Business Banking for Michigan
 National, managing sales, credit management and back office operations for
 both small business and mortgage.  He also managed Non-Branch Delivery,
 significantly expanding non-traditional channels including telephone banking,
 ATMs and debit cards.
     Before joining Michigan National in 1994, Mr. Hutchinson was senior vice
 president in charge of 100 New York branches for Chemical Bank.  He also held
 progressively responsible product management and marketing positions with
 Chemical and with Manufacturers Hanover Trust prior to its merger with
 Chemical in 1991.
     "Bob Hutchinson will play a vital role in helping Commercial Federal as we
 continue to grow a more efficient and profitable regional financial services
 franchise," said William A. Fitzgerald, chairman and chief executive officer.
 "Bob's successful track record during more than 28 years in banking and his
 proven expertise in integrated retail and business banking management add to
 our ability to achieve maximum growth on behalf of our shareholders."
     "I am pleased to join the strong executive management team at Commercial
 Federal," said Mr. Hutchinson.  "By successfully implementing its
 restructuring strategy and introducing changes in its core markets and service
 mix, Commercial Federal is becoming a more aggressive and effective
 competitor.  I look forward to helping to further strengthen our service
 delivery, operational efficiency and financial performance."
     Mr. Hutchinson received a bachelor of arts degree from New York University
 and an MBA from the City University of New York.  He served as a Captain in
 the U.S. Army Air Defense Artillery.
     Commercial Federal Bank is a $12.5 billion federal savings bank that
 currently operates branches in Nebraska, Kansas, Iowa, Colorado, Oklahoma,
 Missouri, Arizona and Minnesota.  Commercial Federal operations include
 consumer and commercial banking, mortgage banking, agricultural lending,
 insurance and investment services and Internet banking.  To learn more, access
 the Commercial Federal Web site at www.comfedbank.com .
 
     NOTE: Certain statements contained in this release are forward-looking in
 nature.  These statements are subject to risks and uncertainties that could
 cause Commercial Federal's actual results or financial condition to differ
 materially from those expressed in or implied by such statements.  Factors of
 particular importance to Commercial Federal include but are not limited to
 changes in general economic conditions, and price levels and conditions in the
 public securities markets generally.
     Photo available upon request by e-mail:
 www.cfbmarketing@commercialfed.com .  Please include your name and e-mail
 address.
 
 SOURCE  Commercial Federal Corporation