Resolution Trust Corp., the federal agency that...
Resolution Trust Corp., the federal agency that operates and dissolves failed savings and loans, named a new West Coast director in Costa Mesa, the fourth such appointment in a little more than year.
Joseph G. Honescko, the former Western regional manager for Chicago-based JMB Realty Corp, will supervise $9 million in assets from seized California thrifts and oversee the management of 11 failed thrifts with assets of $26 billion. The office has about 360 employees.
Besides California, the Costa Mesa office’s territory includes Hawaii.
While at JMB, Honescko managed a $1.8-billion real estate portfolio. Before then, he was vice president and director of property management for Leadership Housing Systems, a Newport Beach property management company.
J. Michael Berry, the RTC’s chief manager in Costa Mesa, was named managing agent for Great American Bank in San Diego, according to an RTC spokesman in Denver.
Honescko was brought in because of the agency’s rapid growth, the spokesman said.
The RTC has closed or sold 498 savings institutions and sold or collected more than $172 billion in assets.
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