FAR WEST FINANCIAL <FWFP> TO BUY PROGRESSIVE
Far West Financial Corp
said its Far West Savings and Loan Association unit has reached
an agreement in principle to acquire all the outstanding stock
of Progressive Savings and Loan Association <PRSL>.
    Far West said it does not expect the cost of the
transaction to exceed 15 mln dlrs.
    Progressive Savings has ten branches in Southern California
and about 500 mln dlrs in assets.
 Reuter
