Charter One Financial Inc. plans to hang out its shingle as a broker- dealer after it wraps up a pair of acquisitions in October.

The Cleveland thrift company will use the brokerage arm of one of the thrifts it recently agreed to buy-CS Financial Corp., also of Cleveland-as the takeoff point for the expanded operation, said Gary Arnolds, a senior vice president who would head the new brokerage. Pending regulatory approval, it would be called Charter One Securities Inc.

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