Exhibit 11

CHARTER ONE FINANCIAL, INC.
COMPUTATION OF PER SHARE EARNINGS

|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |             | 
|------------------------------ | -------------------------------------------------------------------------- |  | --------------------------------------------- | ----------- | ---------------- |  | ------- | ----------- | ------- |  | - | ----------- |  |  | - | ----------- | 
|                               |                                                                            |  | Three Months Ended                            |             | Six Months Ended
|                               |                                                                            |  |                                               |             |                 
|                               |                                                                            |  | 6/30/01                                       |             | 6/30/00          |  | 6/30/01 |             | 6/30/00
|                               |                                                                            |  |                                               |             |                  |  |         |             |        
|                               |                                                                            |  | (Dollars in thousands, except per share data)
|Basic earnings per share(1):  
|                              
|                              
|                              
|                              
|                               | Weighted average number of common
shares outstanding                       |  |                                               | 207,439,620 |                  |  |         | 217,603,358 |         |  |   | 207,933,717 |  |  |   | 218,749,861 | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Net income                                                                 |  | $                                             | 120,412     |                  |  | $       | 103,287     |         |  | $ | 235,202     |  |  | $ | 214,996     | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Basic earnings per share                                                   |  | $                                             | .58         |                  |  | $       | .47         |         |  | $ | 1.13        |  |  | $ | .98         | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|Diluted earnings per share(1):
|                              
|                              
|                              
|                              
|                               | Weighted average number of common
shares outstanding                       |  |                                               | 207,439,620 |                  |  |         | 217,603,358 |         |  |   | 207,933,717 |  |  |   | 218,749,861 | 
|                              
|                              
|                              
|                              
|                               | Add common stock equivalents for shares
issuable under stock option plans  |  |                                               | 5,304,641   |                  |  |         | 4,040,619   |         |  |   | 5,221,284   |  |  |   | 3,416,106   | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Weighted average number of common and
common equivalent shares outstanding |  |                                               | 212,744,261 |                  |  |         | 221,643,977 |         |  |   | 213,155,001 |  |  |   | 222,165,967 | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Net income                                                                 |  | $                                             | 120,412     |                  |  | $       | 103,287     |         |  | $ | 235,202     |  |  | $ | 214,996     | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            
|                               | Diluted earnings per share                                                 |  | $                                             | .57         |                  |  | $       | .47         |         |  | $ | 1.11        |  |  | $ | .97         | 
|                               |                                                                            |  |                                               |             |                  |  |         |             |         |  |   |             |  |  |   |            



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|(1) |  | Restated to reflect the 5% stock dividend issued September 30, 2000.
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