Seafirst Offers to Buy Washington S&Ls;: Seafirst,...
From Times Staff and Wire Reports
Seafirst Offers to Buy Washington S&Ls;: Seafirst, a Washington state bank owned by BankAmerica Corp., has agreed to buy as many as 19 S&L; branches in the western portion of the state. Seattle-based Seafirst signed a letter of intent to buy the branches from Olympic Savings, which is operating under limits set by the Office of Thrift Supervision after failing to meet capital requirements. Seventeen Olympic Savings branches are inside Safeway supermarkets.
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