IRWINDALE, Calif. -- Homes Savings of America, a unit of Los Angeles-based H.F. Ahmanson and Co., said it has signed definitive agreements to acquire 21 Southern California branches from three thrift institutions.
It has also completed an acquisition of four branches in San Diego.
The company said it will pay an average premium of about 2% for the $1.1 billion in deposits held by the 25 branches.
Home Savings signed pacts to acquire nine branches from Fidelity Federal Bank, six from Long Beach Bank, and six from Hawthorne Savings and Loan Association. It also completed the acquisition of four branches from Northeast Savings.
