1st Fed Hires Income Property Lending Chief

Hal Rose, a 35-year veteran of real estate lending, has been hired by First Federal Bank of California, Santa Monica, to lead its Income Property Lending Group.The bank said Mr. Rose will assist in expanding the income property lending business into wholesale lending and new territories. It said Mr. Rose's career highlights include "the development of a nationwide lending presence for one of the largest multifamily lenders in the country [and] top performance as senior real estate officer for a mortgage banking company." The bank can be found on the Web at http://www.firstfedca.com.