In buying Albank Financial Corp., Charter One Financial Inc. hopes to marry its strength in generating loans with Albank's surplus of cheap deposits. Leading the charge will be Charter One's chief lending officer, John D. Koch.

In an interview this week, Mr. Koch said he expects Charter One, which would have $23.6 billion of assets after the merger, to repeat the successes it enjoyed with its 1995 purchase of FirstFed Michigan and last year's deal for Rochester (N.Y.) Community Savings Bank.

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