CalFed Acquires Florida Assets: California Federal Savings...

CalFed Acquires Florida Assets: California Federal Savings & Loan Assn., Los Angeles, has signed a definitive agreement to purchase about $74 million in deposits from American Savings & Loan Assn. of Florida. The transaction involves the deposits of five American Savings branches in Hillsborough and Pinellas counties. Four of the branch buildings will also be acquired by California Federal; the fifth will be retained by Miami-based American Savings for sale or lease. Terms of the deal were not disclosed.