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HOME SAVINGS OF AMERICA COMPLETES ACQUISITION OF 10 BRANCHES OF LONG ISLAND SAVINGS BANK

 IRWINDALE, Calif., Sept. 7 /PRNewswire/ -- Home Savings of America, the principal subsidiary of H.F. Ahmanson & Co. (NYSE: AHM) and the nation's largest savings institution, announced that it has completed its acquisition of 10 branches of Long Island Savings Bank. Financial terms of the transaction were not disclosed.
 The 10 branches, with deposits totaling approximately $835 million, include five branches in Queens, four in Suffolk and one in Nassau. All branches opened for business as usual today under the name of Home Savings of America.
 Home Savings announced its intention to purchase the Long Island Savings branches in May. The acquisition will increase the number of Home Savings' branches in New York to 61 with deposits totaling approximately $8.2 billion.
 Home Savings of America, with assets of $50 billion and deposits of more than $38 billion, serves more than 2.5 million customers from 367 savings branches in nine states and 88 mortgage lending offices in 13 states.
 -0- 9/7/93
 /CONTACT: Mary Trigg (media), 818-814-7922, or Steve Swartz (investor), 818-814-7986/
 (AHM)


CO: H.F. Ahmanson & Co.; Home Savings of America; Long Island
 Savings Bank ST: California, New York IN: FIN SU: TNM


JL-MF -- LA007 -- 9282 09/07/93 11:03 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
Words:204
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