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

(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)