Gilbert S. Johnson Appointed CEO of College Savings Bank
In February 2007, College Savings Bank announced Gilbert S. Johnson has been
promoted to Chief Executive Officer of College Savings Bank. Mr. Johnson joined
College Savings Bank in 1989 and previously served as its Chief Operating Officer, Chief
Financial Officer and Chief Compliance Officer. During his tenure with the Bank, the Company has grown from $50 million in assets to over $650 million as of December 31, 2006.
“Based upon Gil’s deep understanding of the Bank’s operations, his strategic insight and exceptional guidance in financial and regulatory matters, we expect great things from College Savings Bank through his leadership,” said Khanh T. Tran, chairman of College Savings Bank and Chief Financial Officer of Pacific LifeCorp - College Savings Bank’s parent company. “Gil has effectively been with College Savings Bank since the business began and has been instrumental in its development.”
Prior to his career at College Savings Bank, Mr. Johnson served from 1976 to 1989 as a certified public accountant at the Chicago and New York offices of Arthur Andersen & Co. He was the advisor to domestic and foreign, commercial and investment banking institutions on accounting ramifications of new financial products, public and private securities offerings, mergers and acquisitions, and financial techniques as well as financial reporting and compliance. Mr. Johnson has a B.S. in business administration from the University of Notre Dame.