AMERITRUST <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 <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.