Brian E. Cote has been named executive vice president and chief financial officer of Downey Financial Corp. and its subsidiary, Downey Savings and Loan Association, Newport Beach, Calif.Effective March 13, Mr. Cote will be assuming the CFO responsibilities from Thomas E. Prince, who will continue as Downey's chief operating officer. Mr. Cote was previously CFO of Chinatrust Bank (USA), Kinecta Federal Credit Union, DiTech Funding Corp., and WesCorp, the company said. Downey can be found on the Web at http://www.downeysavings.com.

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