FAR WEST FINANCIAL &lt;FWFP> TO BUY PROGRESSIVE

  Far West Financial Corp
  said its Far West Savings and Loan Association unit has reached
  an agreement in principle to acquire all the outstanding stock
  of Progressive Savings and Loan Association &lt;PRSL>.
      Far West said it does not expect the cost of the
  transaction to exceed 15 mln dlrs.
      Progressive Savings has ten branches in Southern California
  and about 500 mln dlrs in assets.
  

