FAR WEST FINANCIAL <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 <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.