AMERITRUST &lt;AMTR> SELLS TWO MLN SHARES

  Ameritrust Corp said it sold two mln
  shares of its common stock to an investment group named
  Clevebaco Ltd Partnership.
      The partnership is controlled by Alfred Lerner, and a
  subsidiary of the Progressive Corp &lt;PROG> is the limited
  partner, according to the company.
      Ameritrust said it was advised that the Clevebaco group has
  filed an application with bank regulatory authorities seeking
  permission to acquire up to an additional three mln shares of
  Ameritrust common stock.
      The company said the group indicated to it that it had no
  hostile takeover intent toward Ameritrust, and that the
  purchase was for investment purposes.
  

