Banks & Financial Sector: First Place Financial Plans Stock Offering

June 7, 2010 (FinancialWire) — First Place Financial Corp. (NASDAQ: FPFC) said it is offering approximately $80 million of common stock for which it has filed a registration statement with the Securities and Exchange Commission.

The number of shares to be offered and the price range for the offering have not yet been determined. The offering is part of a capital strategy designed to build on the company's strengths and improve its results. The proceeds will be used for general corporate purposes which may include organic growth and acquisition opportunities, including possible participation in FDIC assisted transactions. Keefe, Bruyette & Woods will serve as sole underwriter for the offering.

First Place Financial operates 44 retail locations, two business financial service centers and 21 loan production offices through its principal subsidiary, First Place Bank.

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