The Alhambra-based savings institution said it has agreed to allow a New York investment firm, Greenfield Partners, to proceed with its previously announced $10-million recapitalization plan that will give Greenfield 60% ownership in the savings and loan.
Newport Beach-based Far West said it will pay up to $15 million for Progressive Savings & Loan, a troubled 10-branch association based in Alhambra.
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