ARCHIVED  December 5, 2005

Banks merge under ‘bear’ logo

SAN FRANSISCO – As of today, an additional three bank branches in Northern Colorado will don the bear brand.
Bank of the West completed its integration of Commercial Federal Bank, which had offices in Fort Collins, Loveland and Greeley.
BancWest Corp., holding company of Bank of the West, signed a definitive agreement to acquire Commercial Federal Corp. in June. The cash transaction was valued at $1.36 billion – Bank of the West paid $34 for each Commercial Federal share, with a special 50-cent-per-share dividend paid at closing.
Commercial Federal, with $10.2 billion in assets, operated 204 branches in seven states…

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