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Washington Federal Completes New Mexico Branch Acquisition

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Washington Federal Inc. in Seattle said Monday that it had completed its purchase of six Charter Bank branches and $254 million in deposits in New Mexico.

Washington Federal said on its website that it completed the deal Friday. Three of the branches are in Albuquerque, two are in Santa Fe and one is in Rio Rancho.

The $13 billion-asset Washington Federal announced the acquisition in June, stating that the time that the deal would boost its branches in New Mexico to 17.

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