SEATTLE -- Washington Mutual Saving Bank said it completed a definitive agreement to acquire Olympus Capital Corp. of Salt Lake City for about $52 million in stock.

Olympus Capital is the holding company for Olympus Bank, a. federal savings bank with eight branches in Utah and one in Butte, Mont. Olympus Bank would be merged with Washington Mutual Federal Savings Bank, an affiliate of Seattle-based Washington Mutual Saving Bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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