Fifth Third intends to buy thrift offices.

CINCINNATI -- Fifth Third Bancorp said it signed a letter of intent to acquire deposits and facilities of three Ohio branches from Savings of America.

Savings of America is part of Home Savings of America, the principal subsidiary of H.F. Ahmanson & Co., which has been selling some Ohio locations. Terms of the sale were not disclosed.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER