Charter One to Present at McDonald Conference

Business Wire, May 28, 2002

Business Editors

CLEVELAND--(BUSINESS WIRE)--May 28, 2002

Charter One Financial, Inc. (NYSE:CF) Chairman of the Board and Chief Executive Officer Charles John Koch will speak at the McDonald Investments 2002 Bank Conference on Wednesday, June 5, 2002 in Cleveland. Charter One's presentation is scheduled to begin at 12:00 p.m.

This conference is being webcast by CCBN and can be accessed at Charter One's web site at www.charterone.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

Company profile - Charter One has $38 billion in total assets, making it one of the 25 largest bank holding companies in the country. The Bank has 450 branch locations in Ohio, Michigan, New York, Illinois, Massachusetts, and Vermont. In Michigan, the branch locations currently operate under the name First Federal of Michigan. The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. For additional information, including press releases and investor presentations, investors are directed to Charter One's web site: www.charterone.com.