off-the-wire

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln

Kitco Media
By Reuters
Published:
Updated:
Reuters
Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln teaser image

May 17 (Reuters) - WaFd Inc (WAFD.O), opens new tab, the parent of Washington Federal Bank, has agreed to sell a portfolio of commercial multi-family real estate loans to Bank of America (BAC.N), opens new tab for $2.9 billion, it disclosed in a regulatory filing on Friday.

Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri

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