UnionFed to Acquire Ontario S&L;: UnionFed Financial...

UnionFed to Acquire Ontario S&L;: UnionFed Financial Corp. has agreed to acquire Ontario Savings & Loan Assn. to add its branches in Chino, Rancho Cucamonga, Grand Terrace and Yucaipa to Union Federal Savings Bank’s operation. The addition of Ontario’s locations will give Union Federal 26 branches in Southern California. Union Federal has assets of $2.4 billion. The acquisition requires the approval of federal and state regulators.