Bank of the West, as expected, emerged as the big winner in the bidding war for divested Wells Fargo & Co. and First Security Corp. branches.

The San Francisco bank said late Thursday that it would pay roughly $115 million for 30 of the 39 branches Wells and First Security were ordered to sell as a condition of their merger. Twenty-three of the branches are located in New Mexico, mainly in Albuquerque, and seven are in Las Vegas and its suburbs.

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