FAR WEST FINANCIAL <FWF> TO BUY PROGRESSIVE Progressive Savings and Loan Association <PRSL> said it has agreed in principle to be purchased by Far West Financial Corp's Far West Savings and Loan Association. The acquisition would be a cash merger, with Progressive shareholders receiving up to three dlrs per share, the company said. Progressive Savings has assets of about 500 mln dlrs and operates ten offices in Los Angeles and Orange counties. The agreement is subject to federal and shareholder approval.