BANKING & FINANCE - July 8, 1994
From Times Staff and Wire Reports
CalFed to Buy Some CenFed Assets: California Federal Bank said it will purchase approximately $127 million in deposits from CenFed Bank. The transaction is scheduled to close in October, subject to regulatory approval. Terms were not disclosed. CenFed’s Atascadero, Calif., branch will be acquired and operated by CalFed, while customer deposits at CenFed branches in Paso Robles, Covina and Alhambra will be consolidated with nearby CalFed offices.
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