Great Western to Buy Florida Offices: Great...
- Share via
From Times Staff and Wire Reports
Great Western to Buy Florida Offices: Great Western Bank, seeking to expand its presence in Florida, said it will buy 13 Florida offices of Carteret Savings Bank and the deposits of those branches for $26.5 million. Great Western, the nation’s second-largest thrift, will assume deposits totaling $700 million under terms of the deal. The transaction will increase Great Western’s Florida deposits to $2.4 billion and raise the number of Florida retail bank branches to more than 60.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
