Klamath First Bancorp has received approval from the Office of Thrift Supervision to acquire 25 branches of Wells Fargo Bank.

The branches, all in rural Oregon, have more than $200 million of deposits.

Klamath currently operates eight offices, whose assets totaled $684 million on March 31.

The deal, announced March 7, is expected to close July 18.

- Compiled by Jonathan D. Epstein

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