An investment group led by two brothers have offered at least $24 million for a Chicago-area thrift company.

Tara Enterprises LLC of Oak Brook, Ill., filed documents Dec. 28 with the Securities and Exchange Commission proposing to buy $221 million-asset Hemlock Federal Financial Corp. of Oak Forest. Tara and its leading partners, John H. Daly and Denis J. Daly Jr., already control 9.8% of the thrift's stock, or about $2.2 million worth - the largest block controlled by outside shareholders.

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