In Brief: OTS Lets Oregon Thrift Buy 25 Wells Branches

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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