Valley Federal Planning a Westlake Village Office

Valley Federal Savings & Loan plans to build an office in Westlake Village, expanding its branch system to 48 offices. The branch is expected to open in the spring.

Valley Federal, based in Van Nuys, is the largest financial institution in the San Fernando Valley. The S & L, with $3.1 billion in assets, is also the target of a takeover bid from Citadel Holding, the Glendale-based parent of Fidelity Federal Savings & Loan.