Commercial Federal Corp. of Omaha plans to sell or close 22 of its 258 branches by year's end and eliminate 129 jobs in two loan offices.The $13.1 billion-asset thrift company said in a Nov. 15 filing with the Securities and Exchange Commission that it expects to take a pretax charge of $3 million to $4 million in the fourth quarter.

The company has not disclosed how much it expects to save in annual operating costs after the cutbacks. Larry R. Goddard, Commercial Federal's director of investor relations, said the company plans to make a formal announcement by yearend that will detail the financial benefits.

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