Grange Mutual Casualty Co., a Columbus, Ohio, insurance company, won permission from the Office of Thrift Supervision on Tuesday to open a full-service savings bank.

Products offered by the Grange Bank, including consumer and home equity loans, certificates of deposit, and savings accounts, are to be distributed through the insurer's network of 1,000 agents. Grange Mutual operates in Ohio, Indiana, Illinois, Kentucky, Tennessee, and Georgia.

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