Washington Federal buys B of A branches

SEATTLE - Washington Federal, Inc., parent company of Washington Federal, has entered into an agreement with Bank of America to acquire 23 retail branches in Nevada and Arizona.

Washington Federal anticipates receiving approximately $610 million of deposits and $4 million of loans from the transaction. The transaction is expected to close in the second quarter. Additional details can be found in a Deposit Acquisition Summary in the Investor Relations section of Washington Federal's website at www.washingtonfederal.com.

Washington Federal has 235 branches in eight western states.[[In-content Ad]]