CLEVELAND -- Charter One Financial Inc. said its board has voted to change the name of its principal subsidiary, First Federal Savings Bank, to Charter One Bank.

"We believe it is most important to identify the relationship between our very successful holding company and its financially sound subsidiary," said Charles John Koch, president and chief executive officer.

The change will take hold in November at the 92 offices of the thrift, the largest in Ohio, with $4.3 billion in assets.

Its pending acquisition of Women's Federal Savings of Cleveland will add $800 million in assets and 11 offices.

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