SAN FRANCISCO -- BankAmerica Corp. said it had completed its acquisition of H.F. Holdings Inc., the parent of HonFed Bank in Honolulu.

HonFed, the largest thrift and third-largest financial institution in Hawaii, began operations last Saturday as Bank of America FSB, with 30 branches and $2.8 billion in assets. Hawaii is the 11th state in BankAmerica's retail banking network.

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