Roundup: FDIC OKs Home Savings Branch Sale to GreenPoint

NEW YORK - GreenPoint Financial Corp. said it has received Federal Deposit Insurance Corp. approval for its pending acquisition of the New York branch network of Home Savings of America.

The approval, following that previously obtained from the New York State Banking Department, paved the way for completion of the branch sale by the H.F. Ahmanson & Co. unit, said GreenPoint chairman and chief executive Thomas S. Johnson.

Including the Home Savings acquisition, GreenPoint will be No. 1 in New York in thrift deposits, with $13.5 billion in 84 branches.

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