Capitol Federal Meets With Shareholders; Chairman Retires

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The slumping economy hasn't effected one Topeka company's success.

Capitol Federal held its annual shareholders meeting Wednesday. The company reports 2008 profits up more than 60-percent from 2007.

Capitol Federal CEO John Dicus credits the company's lending practices. He says, while they may have caused the company to lose market share in recent years, it's also why they were able to withstand the mortgage crisis and turn a profit.

The day also brought a standing ovation for Jack Dicus He's retiring as Chairman of the Board after 20 years in that position, 50 years with the company.

However, the 75-year old will stay on working day to day. John Dicus says having that advice and that experience will be be useful.

John Dicus was elected to succeed his father as Chairman.