ST. LOUIS - Roosevelt Financial Group Inc. said it had agreed to acquire the Missouri branches of First Nationwide Bank for $4.1 million.
The 17-branch network includes 12 offices in St. Louis County, where most of Roosevelt Bank's current branches are situated. San Francisco-based First Nationwide had Missouri deposits totaling $675 million on June 30.
The transaction, subject to approval of federal banking regulators and the boards of both companies, is expected to be completed by May 1.
Separately, Roosevelt said it completed the acquisition of Brookside Savings Bank, its first entry into Kansas City, Mo. Brookside had deposits of $147 million.