U.S. Bancorp of Portland, Ore., said it plans to close 52 branches in that state, Washington, and Idaho next year after its merger with West One Bancorp.

Sally Pope Davis, a stock analyst in New York with Goldman Sachs & Co., said the closings are likely to account for 25% to 30% of the $84 million of cost cuts the banks plan to make. She and other analysts added that the announced closings were in line with expectations.

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