Washington Mutual Completes S&L Buy


Washington Mutual Savings Bank said today it has increased its presence in the Portland area as its federal savings bank subsidiary completed the acquisition of about $187 million of deposits in 25 CrossLand Savings branches in Oregon and Washington.

CrossLand Savings of Salt Lake City operated 18 branches in the Greater Portland area, six in the Vancouver, Wash., area and one in Seattle.

As part of the transaction, CrossLand Savings closed 10 of the 25 locations, seven in Oregon and three in Washington.

The 15 remaining branches will open tomorrow under the Washington Mutual name.