CROSSLAND SAVINGS <CRLD>ACQUIRES WESTERN SAVINGS CrossLand Savings FSB said it has acquired Western Savings and Loand Co with the assistance of the Federal Savings and Loan Insurance Corp. CrossLand said Salt Lake City based Western has been combined with its two Florida-based thrift subsidiaries. The parent company contributed 50 mln dlrs in cash to the resulting 1.7 billion dlr asset subsidiary which will operate under the name CrossLand Savings FSB with headquarters in Salt Lake City. CrossLand said Western, with assets of 400 mln dlrs, operated 13 branch offices in the states of California, Oregon, Utah and Washington. To facilitate the acquisition, CrossLand said, Western was converted from a mutual to a stock association in a voluntary supervisory conversion. Crossland and the FSLIC executived an assistance agreement indemnifying CrossLand from certain losses that could occur in connection with Western's loan portfolio. The company said James J. Heagerty, chairman and chief executive officer of CrossLand Savings FSLA in Bradenton, Fla., will serve in that capacity for the new subsidiary resulting from the merger. Western's president, Christopher J. Sumner, will be president of the combined unit, CrossLand said.