Two Ohio mutual thrifts are teaming up and going public with plans to eventually acquire a third thrift company.

Peoples Building, Loan, and Savings Co. has a deal to merge with Oakley Improved Building and Loan Co. in Cincinnati that would create one mutually held company. That company would then convert to stock ownership and buy Harvest Home Financial Corp. of Cheviot, Ohio, for $16.6 million in cash and stock.

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