Printer Friendly

HOME SAVINGS OF AMERICA AGREES TO PURCHASE COAST FEDERAL BANK BRANCHES IN CENTRAL CALIFORNIA

 HOME SAVINGS OF AMERICA AGREES TO PURCHASE
 COAST FEDERAL BANK BRANCHES IN CENTRAL CALIFORNIA
 IRWINDALE, Calif., Aug. 24 /PRNewswire/ -- Home Savings of America, the principal subsidiary of H.F. Ahmanson & Co. (NYSE: AHM) announced today that it has signed a definitive agreement with Coast Federal Bank, the principal subsidiary of Coast Savings Financial, Inc. (NYSE: CSA), for Home Savings to acquire eight of Coast's branches in Central California.
 The eight Coast branches have deposits totaling approximately $275 million. Four of the Coast branches are located in Fresno, two in Visalia, one in Tulare and one in Sanger. Financial terms of the transaction were not disclosed.
 Pending regulatory approvals, the acquisition is expected to become final during the fourth quarter of 1992.
 H.F. Ahmanson & Co., with more than $46 billion in assets, is the parent company of Home Savings of America, the nation's largest savings institution. Home Savings, with deposits of more than $39 billion, operates 389 savings branches in nine states and 90 mortgage lending offices in 13 states.
 -0- 8/24/92
 /CONTACT: Mary Trigg of H.F. Ahmanson & Co., 818-814-7922/
 (AHM CSA) CO: Home Savings of America; H.F. Ahmanson & Co.; Coast Federal
 Bank; Coast Savings Financial ST: California IN: FIN SU: TNM


EH-AL -- LA011 -- 2578 08/24/92 12:12 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 24, 1992
Words:215
Previous Article:AETNA MOBILIZES IN WAKE OF HURRICANE ANDREW
Next Article:IHOP CORP. ANNOUNCES DEFINITIVE AGREEMENT FOR PURCHASE OF 23 JB'S RESTAURANTS
Topics:


Related Articles
CALIFORNIA FEDERAL BANK ANNOUNCES AGREEMENT TO SELL SACRAMENTO DEPOSITS
VALLEY FEDERAL TO SELL VISALIA BRANCH DEPOSITS
HOME SAVINGS OF AMERICA ACQUIRES COUNTY BANK IN SANTA BARBARA
FIRST OF AMERICA TO BUY 14 ILLINOIS BRANCHES OF CITIZENS FEDERAL BANK
CALIFORNIA FEDERAL TO PURCHASE $180 MILLION IN DEPOSITS FROM UNION FEDERAL BANK
HOMEFED BANK, F.A., SAN DIEGO, CALIF., ACQUIRED BY FOUR FINANCIAL INSTITUTIONS
GLENDALE FEDERAL BANK ANNOUNCES DEFINITIVE AGREEMENT FOR FLORIDA FRANCHISE SALE
HOME SAVINGS OF AMERICA AGREES TO PURCHASE A BRANCH OF UNITED SAVINGS BANK, F.S.B.
SouthTrust, Home Savings Sign Definitive Agreement for Branches on Florida's East Coast

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters