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Bank of America to buy WaFd’s multi-family loan portfolio for $2.9 billion

By Thomson Reuters May 17, 2024 | 8:42 AM

(Reuters) – WaFd Inc, the parent of Washington Federal Bank, has agreed to sell a portfolio of commercial multi-family real estate loans to Bank of America for $2.9 billion, it disclosed in a regulatory filing on Friday.

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