LOS ANGELES - Washington Mutual Savings Bank is planning an offering of common and preferred shares soon to raise the $150 million to $200 million it for its planned acquisition of Pacific First Bank, the thrift's chairman and chief executive, Kerry Killinger, said in an interview.

"We want to raise the money sooner rather than later and definitely not just before the closing," he said. Washington Mutual, based in Seattle, agreed in October to acquire $6.9 billion in Pacific First assets for $663 million from RT Holdings Inc., a subsidiary of Royal Trustco Ltd.

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