Glendale Federal to Buy OneCentral Bank

Glendale Federal Bank plans to buy OneCentral Bank in Glendale for $11.4 million in cash.

The deal is expected to close in early 1997.

OneCentral Bank, which serves mostly small to mid-sized businesses, has $73.8 million in assets, $35.9 million in loans and 30 employees. The bank was founded in 1972.