Harrington West Financial Group Inc. in Solvang, Calif., is acquiring the Thousand Oaks branch of Western Federal Bank.
The deal, announced Friday, is expected to close in May. It includes all of the branch's deposit accounts, as well as loans associated with those accounts. The branch has about $52 million of deposits.
Harrington, the $1.1 billion-asset parent of Los Padres Bank, did not say how much it would pay, except to say the price would not exceed $2 million.
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