Home Savings unit sells $1.6B of deposits.

CHICAGO - Savings of America, a division of Home Savings of America, said it had completed the sale of approximately $1.6 billion of deposits to LaSalle Talman Bank.

The deposits were in 26 retail branches, all based in Illinois.

Savings of America operates seven mortgage-lending offices in the Chicago area.

The company said it would double that number in 1995 and increase its staff of loan consultants by 40%.

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