BankAmerica to Buy Oregon Bank: BankAmerica Corp....
BankAmerica to Buy Oregon Bank: BankAmerica Corp. has agreed to pay $3.25 million in stock for Woodburn Bancorp in Woodburn, Ore., and its Woodburn State Bank. Woodburn is expected to be managed by Seafirst Corp., a BankAmerica subsidiary in Seattle. The sale is expected to be finished late this year or in early 1990. Buying Woodburn, a one-office bank near Portland, will allow BankAmerica to expand in Oregon because Woodburn has a state charter there.
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