Albion Interactive History / People / Timothy Maloney

Albion Interactive History

Albion Interactive History / People

Timothy J. Maloney

Homestead’s eighth president Timothy J. Maloney assumed office on July 6, 1982, replacing William Mitchell, who left the previous January. Maloney had been assistant vice-president of Mutual Home Federal Savings & Loan Association in Grand Rapids, where he had been employed since 1973. A native of Grand Rapids, Maloney earned his BS degree in business administration from Aquinas College in 1970.

Maloney had nine years of savings and loan work, and held a number of responsible positions with Mutual Home Federal Savings & Loan Association.

Maloney had also completed numerous courses in real estate, real estate law, housing construction principles and practices, residentialappraising, and financial institutions at the institute of Financial Education in Chicago. His diversity of experience and training proved to be a valuable asset to Homestead during his six years of service.

Maloney resigned his position as president of Homestead in May 1988, to become director of mortgage financing with Cardinal Industries of Columbus, Ohio, at their Glen Burnie, Maryland division near Baltimore. P81

Source: Frank Passic. Homestead Savings and Loan and the Builders of Albion: One Hundred Years of Service, 1889-1989. Albion, MI: Homestead Savings and Loan Association. 1988.

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