BANKING

Home Savings Buys Western Fed: The Resolution Trust Corp. sold the 23 Southern California branches of failed Western Federal Savings & Loan Assn. to Home Savings of America. Home Savings paid a premium of about $87 million for Western Fed’s $1.7 billion in deposits. Marina del Rey-based Western Fed, which was owned by former Treasury Secretary William E. Simon’s investment group, was seized last year after suffering major loan losses. All of the offices will reopen Monday as Home Savings branches.