SEATTLE, Wash. -- Olympic Savings Bank said its shareholders approved the thrift's merger into Puget Sound Savings Bank of Seattle, a subsidiary of Tacoma-based Puget Sound Bancorp.

Under the terms of the agreement, each outstanding share of Olympic's common stock will be converted into the right to receive $8.25 in cash. The total is about $2.75 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.