WASHINGTON - In a highly unusual move, the Office of Thrift Supervision held a hearing last week to consider - behind closed doors - a challenge community groups have lodged against a Seattle-based mutual savings bank.

Two groups have charged Washington Mutual Savings Bank in Seattle with violating the Community Reinvestment Act. The activists said the OTS should not approve the $18.5 billion-asset thrift's pending acquisition of Salt Lake City's Olympus Bank.

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