USA BancShares has completed a negotiated purchase of $2.5 million in residential mortgages from First Home Savings Bank, part of First Home's balance-sheet restructuring. The price was not disclosed.

USA president Ken Tepper said the loans were purchased at a discount to book value. They are secured by real estate in Pennsylvania.

USA, parent of Peoples Thrift Savings Bank, also announced that it has identified sites for branches in Philadelphia's Center City area.

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