YAKIMA, W ash . ? Washington Federal announced plans Thursday to acquire 51 Bank of America branch locations in Washington, Idaho, New Mexico and Oregon.
The branches together will add $1.8 billion of deposits and $11 million in loans to the Seattle-based bank, which currently has 185 branches in eight states.
Included in the acquisition are branches in 18 Eastern Washington cities, including Cle Elum. The acquisition continues the bank?s expansion into Eastern Washington, which it started last year when it opened a branch in Yakima at the former Hollywood Video building at 4008 Summitview Ave.
The acquisition is pending regulatory approval and is expected to be completed in the fourth quarter of this year.
Source: http://www.yakimaherald.com/news/latestnews/1332543-8/washington-federal-to-acquire-bofa-sites
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