MINNEAPOLIS, Dec. 8 /PRNewswire/ -- Arcadia Financial Ltd. (NYSE: AAC)
announced today the promotion of Scott R. Fjellman to Vice President of
Securitization and Investor Relations.  In this position, Fjellman will
oversee execution of the company's securitization transactions, as well as
implementation of the company's investor relations programs.  He will report
directly to John A. Witham, Executive Vice President and Chief Financial
Officer.
    Fjellman, 31, joined Arcadia in 1991, and has held a variety of positions
in the Accounting and Treasury departments within the company, most recently
as Director of the Securitization and Investor Relations departments.
Previous to Arcadia, Fjellman was employed by KPMG Peat Marwick LLP for
4 years as supervising senior auditor, specializing in financial institutions.
    Richard A. Greenawalt, Arcadia Financial's President and Chief Executive
Officer commented, "We are very pleased to announce Scott's promotion within
the company.  Scott's extensive knowledge of the company's operations,
throughout his tenure at Arcadia, will certainly benefit these departments as
he assumes his new position."
    Arcadia Financial Ltd. is a Minneapolis-based consumer financial services
company specializing in purchasing, selling and servicing retail installment
contracts for new and used automobiles originated in 43 states.  The company,
founded in 1990, is the nation's largest independent provider of automobile
financing.  Its 18 Regional Buying Centers are located in Arizona; northern
and southern California; Colorado; Florida; Georgia; Maryland; Massachusetts;
Minnesota; Missouri; New York; North Carolina; Ohio; Tennessee; north, south
and west Texas; and Washington.

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