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

WaFd

17/05/2024 14:39

May 17 (Reuters) - WaFd Inc  WAFD.O , 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  for $2.9 billion, it disclosed in a regulatory filing on
Friday. 

 (Reporting by Manya Saini in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Manya.Saini@thomsonreuters.com;))