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CHARTER ONE BANK AND CHARTER ONE FINANCIAL, INC. DEBUT WORLD WIDE WEB INTERNET SITE

CLEVELAND, Mar. 8 /PRNewswire/ -- Charter One Bank, and its parent company, Charter One Financial, Inc. (Nasdaq-NNM: COFI), announced today the debut of a World Wide Web Internet site under the address http://www.charterone.com.

Charles John Koch, chairman and chief executive officer, explained, "With the widespread use of personal computers and the growing consumer interest in the Internet, we believe the timing is right for us to take the first step in exploring the new technologies now opening up."

He continued, "Alternative delivery channels are helping us fulfill our commitment to providing higher levels of customer service. Our network of more than 120 automated teller machines (ATMs) throughout Ohio and Michigan is generating higher volumes of usage while our Home Banking and Bill Payer bank-by-telephone services are remote-access services with increasingly broad customer appeal. The Internet could represent another cost effective and convenient alternative delivery channel, and we are anxious to explore its potential."

Charter One's World Wide Web site offers information about products and services,including checking, savings, and lending products. Also available is news about the bank's parent company, Charter One Financial, Inc.

With $13.6 billion in total assets, Charter One Bank operates 94 branch offices in Ohio under the name Charter One Bank and 61 branches in Michigan under the name First Federal of Michigan.
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/CONTACT: William L. Dupuy, Media, 216-566-5311, or Ellen Batkie, Analysts, 800-262-6301, both of Charter One/

(COFI)

CO: Charter One Financial, Inc. ST: Ohio IN: FIN SU: PDT

CS-TC -- CLF023 -- 1684 03/08/96 15:41 EST
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Publication:PR Newswire
Date:Mar 8, 1996
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