December 15, 1997 Business
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December 15, 1997

Business

Towne Bank sold

  A Walla Walla, Washington bank will take over Woodinville-based Towne Bancorp in a reported $28.1 million acquisition, both companies announced early last week.
   The purchase by First Savings Bank of Washington Bancorp Inc. is still subject to approval by Towne Bancorp shareholders and regulators. The deal is expected to close April 1, 1998. Towne Bank, with a reported $132 million in total assets, has branches in Woodinville, Redmond, Bellevue and Renton.