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HOME SAVINGS, AMERICAN SAVINGS ANNOUNCE SIGNING OF AGREEMENT TO EXCHANGE BRANCHES

 HOME SAVINGS, AMERICAN SAVINGS ANNOUNCE SIGNING
 OF AGREEMENT TO EXCHANGE BRANCHES
 IRWINDALE, Calif., May 28 /PRNewswire/ -- Home Savings of America, the principal subsidiary of H.F. Ahmanson & Co. (NYSE: AHM), and American Savings Bank (NYSE: ASB) of Stockton, Calif., announced that they have signed a definitive agreement to exchange eight of Home Savings' California branches, located primarily in Northern California, with nine of American Savings' California branches, all but one of which are located in San Diego County.
 The eight Home Savings of America branches have deposits totalling $350
million. The nine American Savings branches have deposits totaling $327 million.
 The transaction is expected to be finalized during the third quarter of this year and is subject to regulatory approval.
 Home Savings of America, with assets of more than $47 billion and deposits of over $39 billion, is the nation's largest savings institution. The company serves more than 2.5 million customers from 402 savings branches in nine states and 90 mortgage lending offices in 13 states.
 -0- 5/28/92
 /CONTACT: Mary Trigg of H.F. Ahmanson, 818-814-7922/
 (AHM ASB) CO: H.F. Ahmanson & Co.; Home Savings of America; American Savings Bank ST: California IN: FIN SU: TNM


KJ -- LA043 -- 5019 05/28/92 20:59 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:208
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