Grange Mutual Casualty Co. has applied for a federal thrift charter to provide banking products to policyholders and the general public in six states.

The Columbus, Ohio-based insurance company would initially capitalize its Grange Bank unit with $5 million, according to a July 31 filing with the Office of Thrift Supervision. The company-which wrote about $565 million in premiums in 1997-said it wants to complement its automobile, homeowner, life, and other insurance products.

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