IRVINE, Calif. -- Westcorp Inc.'s Western Financial Savings Bank unit received approval from the Office of Thrift Supervision to include the 8.5% subordinated capital debentures due 2003, and issued on June 24, in its total capital.

The bank said it would redeem on Sept. 10 all $52 million of its previously issued 11% subordinated capital debentures due in 1999.

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