Charter One Financial Inc. said it would acquire CS Financial Corp., the holding company of $381 million-asset Cuyahoga Savings Association. Both thrifts are based in Cleveland.

Terms were not disclosed, but analyst Michael M. Moran of Roney & Co., estimated the price at $50 million to $75 million.

Cuyahoga has $331 million of deposits and eight branches in the Cleveland area. Charles John Koch, Charter One's chairman, said the deal would give Charter One the chance to increase its market share in the city while cutting costs. But he said the consolidation would not lead to large layoffs at Cuyahoga, which has 115 employees.

The most recent acquisition for Charter One, which has $20 billion of assets, was Rochester Community Savings Bank. That deal closed in October.

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