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.
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