To company news around this afternoon: National Australia Bank Ltd (ASX:NAB) subsidiary Great Western Bank has acquired certain assets and liabilities of TierOne Bank from the Federal Deposit Insurance Corporation, for US$76 million. The company says the acquisition includes all of TierOne's US$1.9 billion in deposits and US$1.9 billion in loans under management where the Federal Deposit Insurance Corporation absorbs 80% of credit losses arising on the loan portfolio and related assets. NAB says the loss share agreement has a term of ten years for residential mortgages and five years for all other loans. The company also says the acquisition is earnings accretive and the Great Western Bank loan portfolio remains more than 100% deposit funded following the acquisition. Shares in NAB closed 3.04% lower at $23.62.