BOWLING GREEN, Ohio -- Mid Am Inc. entered into a definitive agreement to acquire Apollo Savings and Loan Co., Cincinnati. The indicated price for the $93 million-asset thrift is $11.5 million in stock.

"This acquisition will bring Mid Am into the economically strong suburban communities surrounding Cincinnati," said Edward J. Reiter, chairman and chief executive of Mid Am.

Mid Am plans to merge Apollo's four officers into Home Federal Savings Bank, which is owned by Ultra Bancorp, a $200 million thrift holding company that is becoming a subsidiary of Mid Am.

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