Washington Mutual Inc. has agreed to acquire Western Bank of Coos Bay, Ore., by early 1996, the banks announced Thursday.
Western Bank has 41 offices in Oregon and assets of $780.1 million.
Seattle-based Washington Mutual lists assets of $20.3 billion and operates 260 branches.
Under terms of the merger, Western shareholders are expected to receive .72464 shares of Washington Mutual stock for each share of Western stock.
Subscribe to the Morning Review newsletter
Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter