The $200-million acquisition of Bowery Savings Bank...

The $200-million acquisition of Bowery Savings Bank in New York by the Los Angeles-based parent company of Home Savings of America has been completed, officials of the parent firm, H. F. Ahmanson & Co., announced. Home Savings of America, a FSLIC-insured company that has deposits of $22.5 billion and assets of $30.4 billion, will operate the 154-year-old New York thrift as a separate subsidiary insured by the FDIC. Bowery Savings’ 25 branch offices have deposits of $5.2 billion and assets of $6.3 billion. It is one of the oldest and most prominent savings banks in New York. An Ahmanson spokesman said the company intends to “move aggressively” into residential real estate loans and plans to open five mortgage lending offices in New York by late summer. Ahmanson reported net earnings in 1987 of $200.1 million.