CLEVELAND - Society Corp. said it has notified the Office of Thrift Supervision that it may acquire, from time to time in open market and negotiated transactions, up to 4.9% of the outstanding shares of First Federal Savings and Loan Association of Fort Myers, Fla.

First Federal, which has 3,137,250 common shares outstanding, announced a definitive agreement July 20 to be acquired by Cleveland-based Society for $45 a share, or $141 million, in cash.

Buying up to 4.9% of First Federal will not require regulatory approval. Society said the timing and size of any purchases "will depend on market conditions."

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