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Washington Federal Buy

Stock quotes in this article: WFSL , FFSW  

Washington Federal(WFSL Quote) agreed to buy First Federal Banc of the Southwest (FFSW Quote) for $24.14 in cash, or $99 million.

The merger is expected to close in the first calendar quarter of 2007, pending the receipt of regulatory approvals and the approval of First Federal's shareholders.

After the merger, Washington Federal will have 138 offices in eight western states with total assets of about $9.4 billion and total deposits of about $5.7 billion. ...

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