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VALLEY ROUNDUP

Valley Federal Savings Will Buy Oakhurst Branch of 49er Savings

June 23, 1987

Valley Federal Savings & Loan Assn. of Van Nuys has agreed to purchase the Oakhurst branch of 49er Savings & Loan, a division of Girard Savings Bank in San Diego. The acquisition, subject to regulatory approval, is expected to be completed by the end of the year. No price was given.

The 49er branch, with about $27 million in deposits, will merge with Valley Federal's Oakhurst branch to create an office with more than $50 million in deposits. Valley Federal has assets of $2.7 billion and operates 52 offices in California.

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