Washington Mutual to convert branches.

PORTLAND, Ore. - Washington Mutual Savings Bank said it will complete the acquisition of Pacific First Bank on Friday.

As a result, 61 Pacific First branches in Oregon will open as Washington Mutual financial centers offices on Sept. 7.

Washington Mutual, which has $14.4 billion of assets and calls itself the Northwest's "largest consumer bank," will operate 76 financial centers and seven home loan centers in Oregon after the conversion. It formally acquired Pacific First Bank and its 127 branches and 14 home loan-centers in Oregon and Washington on April l9.

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