Server: Netscape-Enterprise/2.01 Date: Thu, 18 Dec 1997 12:59:02 GMT Accept-ranges: bytes Last-modified: Mon, 08 Dec 1997 14:16:51 GMT Content-length: 6342 Content-type: text/html Magna Bank Home Page

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Magna Announces Agreement to Acquire Charter Financial, Inc.
ST. LOUIS, NOVEMBER 20, 1997 - Magna Group, Inc. and Charter Financial, Inc. today jointly announced that they have entered into a definitive agreement for Magna to acquire Charter.
(see Charter Acquisition)

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Magna Group, Inc., is a St. Louis - based bank holding company with 139 banking centers in Illinois, Iowa and Missouri, a trust company, a brokerage company, and a student loan company. Magna ranks as one of the 80 largest banking organizations in the nation and is the third largest banking institution in the St. Louis metropolitan area based on deposit market share.

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