In October 1997, Home Savings announced the pending acquisition of the Los Angeles-based Coast Savings Financial, Inc., with its Coast Federal Bank subsidiary for $900 million in stock. At the time of the announcement, Coast had 90 branch offices in California while Home had 370 branch offices in California, Texas, and Florida. The acquisition was completed in February 1998. After closing 52 redundant branch offices in California and selling off the remaining branch offices in Florida in an unrelated sale, Home Savings had approximately 375 branch offices remaining in California and Texas by mid-1998.