Roundup: California Thrift Buys 7th Branch, Plans 8th

SGV Bancorp said its wholly owned subsidiary, First Federal Savings and Loan Association of San Gabriel Valley, has completed its acquisition of Highland Federal Bank's Duarte branch.

The branch-First Federal's seventh-has $20 million in deposits. First Federal said it will open an eighth retail location, in north La Verne, by April 1.

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