First Place Financial 8-K Business of the Meeting

October 25, 2007

Annual

Shareholders’

Meeting

Warren, Ohio

Exhibit 99.1

•

Business of the Meeting

•

2007 Financial Overview and Q1 ’08 Highlights

•

Achievements in 2007

•

Challenges & Strategies in 2008

•

Recognizing Commitment & Leadership

•

Question & Answer

•

Election Results

First Place Annual Meeting Agenda

2

Forward-looking Statements

3

When

used

in

this

presentation,

or

future

presentations

or

other

public

or

shareholder

communications,

in

filings

by

First

Place

Financial

Corp.

(the

Company)

with

the

Securities

and

Exchange

Commission,

or

in

oral

statements

made

with

the

approval

of

an

authorized

executive

officer,

the

words

or

phrases

“will

likely

result,”

“are

expected

to,”

“will

continue,”

“is anticipated,”

“estimate,”

“project”

or

similar

expressions

are

intended

to

identify

“forward-looking statements”

within

the

meaning

of

the

Private

Securities

Litigation

Reform

Act

of

1995.

Such

forward-looking

statements

involve

known

and

unknown

risks,

uncertainties

and

other

factors,

which

may

cause

the

Company’s

actual

results

to

be

materially

different

from

those

indicated.

Such

statements

are

subject

to

certain

risks

and

uncertainties

including

changes

in

economic

conditions

in

the

market

areas

the

Company

conducts

business,

which

could

materially

impact

credit

quality

trends, changes

in

laws,

regulations

or

policies

of

regulatory

agencies,

fluctuations

in

interest

rates,

demand

for

loans

in

the

market

areas

the

Company

conducts

business,

and

competition,

that

could

cause

actual

results

to

differ

materially

from

historical

earnings

and

those

presently

anticipated

or

projected.

The

Company

wishes

to

caution

readers

not

to

place

undue

reliance

on

any

such

forward-looking

statements,

which

speak

only

as

of

the

date

made.

The

Company

undertakes

no

obligation

to

publicly

release

the

result

of

any

revisions

that

may

be

made

to

any

forward-looking

statements

to

reflect

events

or

circumstances

after

the

date

of

such

statements

or

to

reflect

the

occurrence

of

anticipated

or

unanticipated

events.

Fiscal 2007

Financial Results

Net Income History

$6,314

$16,230

$16,692

$14,151

$18,938

$23,044

$25,624

2001

2002

2003

2004

2005

2006

2007

5

CAGR* = 20.8%

CAGR* = 26.3%

GAAP Net Income

Core Earnings

$8,386

$16,230

$16,692

$15,565

$21,342

$24,457

$26,111

2001

2002

2003

2004

2005

2006

2007

*CAGR = 6 years 2001-2007

Financial Results:

Net Income to Core Net Income*

$8,386

-

-

$2,072

$6,314

2001

$16,230

-

-

-

$16,230

2002

-

-

$3,410

-

-

Other-than-temporary

impairment of

securities, net of tax

-

-

$(1,005)

-

-

Tax-free proceeds

from executive life

insurance policy

$24,457

$1,413

$23,044

2006

$21,343

-

$18,938

2005

$15,565

$1,414

$14,151

2004

$26,111

$16,692

Core Earnings

$487

-

Merger, integration

and restructuring

costs, net of tax

$25,624

2007

2003

$16,692

GAAP Net Income

6

* Values in thousands

Diluted EPS History

7

CAGR* = 13.3%

CAGR* = 18.4%

*CAGR = 6 years 2001-2007

Fiscal Year Ended: 6/30

GAAP Diluted EPS

Core Diluted EPS

$1.52

$1.29

$0.72

$1.65

$1.20

$1.46

$1.16

2001

2002

2003

2004

2005

2006

2007

$1.49

$1.30

$1.09

$0.54

$1.16

$1.55

$1.29

2001

2002

2003

2004

2005

2006

2007

Fiscal 2007 Financial Highlights

8

•

3.6% Growth in Total Assets

•

11.2% Growth in Net Income

•

3.9% Decline in Diluted Earnings per Share

•

Net Interest Margin Down to 3.11% for Fiscal 2007

from 3.29% for Fiscal 2006

•

Equity to Assets 10.11% at 6/30/07 up from 10.01% at 

6/30/06

•

Nonperforming Assets as a % of Total Assets 1.26%

at 6/30/07 up from 0.66% at 6/30/06

•

$7.2 Million Gain on the Sale of Loans

Mortgage Banking

9

($millions)

$261

$464

$680

$900

$997

$999

$992

-$0.345

$6.703

$8.492

$5.891

$7.224

$8.388

$8.579

$0

$200

$400

$600

$800

$1,000

$1,200

2001

2002

2003

2004

2005

2006

2007

-$1

$0

$1

$2

$3

$4

$5

$6

$7

$8

$9

$10

Sales

Mortgage Banking Income

First Place Financial Corp.

Acquisition History

10

$50

Pending

HBLS Bank

$30

4/27/2007

Citizens Republic

Branches

($200 Million Deposits)

$360

6/27/2006

Northern Savings &

Loan

$627

5/28/2004

Franklin Bancorp.

$680

12/22/2000

FFY Financial Corp.

$200

5/12/2000

Ravenna Savings Bank

Total Assets

(in millions)

Merger Date

Partner

Asset Growth:  CAGR* = 12.5%

$1,593

$1,591

$1,559

$2,247

$2,499

$3,113

$3,226

2001

2002

2003

2004

2005

2006

2007

Organic Growth* = 5.6%

Organic Growth* = 5.6%

($millions)

11

*CAGR = 6 years 2001-2007

Fiscal Year Ended: 6/30

12%

18%

39%

42%

18%

18%

16%

15%

70%

64%

45%

43%

Commercial

Consumer

Real Estate

Loan Portfolio Mix

June 30,

2001

June 30,

2003

12

June 30,

2005

First Place Loan Portfolio

June 30,   

2007

Total Loans               $1.006 million         $901 million

$1.831 billion      $2.508 billion

Commercial Loans: CAGR 43.5%

13

$120

$116

$160

$494

$716

$856

$1,047

2001

2002

2003

2004

2005

2006

2007

*CAGR = 6 years 2001-2007

Fiscal Year Ended: 6/30

Organic Growth* = 35.1%

Organic Growth* = 35.1%

($millions)

$1,019

$1,061

$1,108

$1,559

$1,709

$2,061

$2,241

2001

2002

2003

2004

2005

2006

2007

Enhancement:

Deposit Growth:

CAGR = 14.0%

Organic Growth* = 4.3%

Organic Growth* = 4.3%

($millions)

14

*CAGR = 6 years 2001-2007

Fiscal Year Ended: 6/30

Fiscal 2008 First Quarter

Financial Results

GAAP Net Income

Core Net Income

First Quarter Net Income

Fiscal 2008

16

($millions)

$7.00

$6.53

$6.47

$5.63

$6.25

$0.0

$2.0

$4.0

$6.0

$8.0

Actual

$7.00

$6.53

$6.47

$6.11

$6.25

$0.0

$2.0

$4.0

$6.0

$8.0

Actual

Financial Results:

Net Income to Earnings*

$6,112

$487

$5,625

6/30/2007

4Q2007

$6,467

-

$6,467

3/31/2007

3Q2007

$6,530

-

$6,530

12/31/2006

2Q2007

$7,002

-

$7,002

9/30/2006

1Q2007

$6,254

Core Earnings

-

Merger, integration

and restructuring,

net of tax

$6,254

9/30/2007

1Q2008

GAAP Net Income

17

*Values in thousands

GAAP Earnings per Share

$0.41

$0.38

$0.38

$0.33

$0.38

$0.0

$0.1

$0.2

$0.3

$0.4

$0.5

Actual

Core Earnings per Share

$0.41

$0.38

$0.38

$0.36

$0.38

$0.0

$0.1

$0.2

$0.3

$0.4

$0.5

Actual

First Quarter Fiscal 2008 Diluted EPS

18

($millions)

First Quarter 2008

Financial Highlights

19

•

Net Income of $6.3 Million down 10.7% from prior year

•

Net Income of $6.3 Million up 2.3% from last quarter of Fiscal

2007

•

Recorded Current Quarter Gain of $1.5 Million on the Sale of

Loan Servicing Rights

•

Gain on Sale of Loans of $1.9 Million –

2

nd

Highest of the last 8

quarters

•

Net Interest Margin was 2.94% down from 3.07% in last quarter

Fiscal 2007

•

Non Performing Assets 1.46% of Total Assets at 9/30/07 up from

1.26% at 6/30/07

•

Treasury Stock Purchases of 516,000 Shares at $16.40 Average

Price

1.43%

1.28%

1.41%

0.77%

0.69%

0.71%

1.35%

1.45%

2001

2002

2003

2004

2005

2006

2007

9/30/07

Asset Quality

20

Nonperforming Loans / Total Loans

Fiscal Year Ended: 6/30

Asset Quality

0.40%

0.33%

0.29%

0.23%

0.11%

0.12%

0.16%

0.26%

2001

2002

2003

2004

2005

2006

2007

9/30/07

21

Net Charge-offs / Average Loans

Fiscal Year Ended: 6/30

-100.00000%

-50.00000%

0.00000%

50.00000%

100.00000%

150.00000%

200.00000%

250.00000%

FPFC

S&P 500

NASDAQ

DJIA

NASDAQ BANK INDEX

S & P SMALL CAP BANK

105.85%

92.53%

76.58%

57.24%

41.02%

31.10%

Total Return Comparison –

Since Conversion

22

-15.00000%

-10.00000%

-5.00000%

0.00000%

5.00000%

10.00000%

15.00000%

20.00000%

25.00000%

FPFC

S&P 500

NASDAQ

DJIA

NASDAQ BANK INDEX

S & P SMALL CAP BANK

0.32%

-9.08%

-1.52%

-5.15%

-1.35%

2.64%

Total Return Comparison –

Last 3 Months

23

•

$3.2 billion in assets

•

$271 million market cap at 10/23/07

•

Average daily trading volume: 44,089 shares (September 2007)

•

Institutional & insider ownership: 40% & 9% respectively

•

Five-state market:  Ohio, Michigan, Pennsylvania, Indiana, N. Carolina

•

42 branches (Hicksville acquisition pending)

•

18 loan offices

•

2 business financial centers

•

Diversified bank:  commercial, retail, consumer, insurance, wealth

management, and real estate

•

Ticker Symbol: FPFC

First Place Corporate Profile

24

A Tale of 2 Regions

25

Region 2

•

Region closing in on 6th consecutive

year of Economic Expansion

•

Region boasts growth of 32% over

last 15 years

•

First half of 2007 shows total jobs

have increased by more than 29,000

•

Manufacturing at 20% of Regional Economic

Output

•

Real Growth from 1992-2007:

Professional & Technical Services  

74%

Finance & Insurance

60%

Wholesale Trade

51%

Healthcare

38%

Region 1

•

Foreclosures set new records

•

Unemployment stuck at 5.9%

•

Home foreclosures double from 9/06 to 9/07

•

Delphi files for bankruptcy

•

Job stats from June of ’06 to June of ’07:

Manufacturing down                    9,500

Government down                      

2,600

Transportation, Utilities down  

1,400

26

27

Strategic Achievements in Fiscal 2007

•

Integration of Northern Savings Bank acquisition

completed

•

Company-wide core system replacement completed

successfully

•

Acquisition of Indianapolis LPO completed

•

Opened four retail locations (two geographic

adjustments and two de novos)

•

Acquired and integrated seven retail locations in

suburban Flint, Michigan

28

Strategic Opportunities for Fiscal 2008

•

Share Buyback

•

Sale of mortgage servicing rights

•

Take advantage of consolidating markets

•

Extracting efficiencies from newly installed core

systems

•

Expand platform at newly acquired Flint locations

•

Focus on rapid elimination of NPAs

•

Continue to take advantage of a shrinking mortgage

banking market

•

Get the word out: Do not paint all banks in the

Midwest with the same brush

29

•

21 retail branch locations serving Trumbull, Mahoning, and Portage Counties

•

Deposits totaling $1.3 billion, ranked second overall within Youngstown-

Warren-Boardman MSA

•

Recently transitioned three branch locations, plans for one more

branch          

transition this calendar year

Expansion:

Branch Network: The “Valley”

30

•

6 retail branch locations and 2 business financial service centers serving         

Cleveland suburbs

•

Deposits totaling $282 million: Ranked seventeenth overall within MSA and fourth

within Lorain County 

•

Consistently ranked the second or third largest mortgage lender for purchases and new

construction in Cuyahoga County

Expansion:

Branch Network: The “North Coast”

31

•

14 retail branch locations serving Oakland, Macomb, Wayne and Genesee 

County

•

Deposits totaling $665 million: Ranked sixteenth and sixth overall within the

Detroit and Flint MSA respectively 

•

Assets totaling over $1 billion located with the Michigan region

Expansion:

Branch Network: Michigan

32

Multi-State Footprint

33

Strategic Results Thus Far

•

Over $1 Billion in Loan Servicing sold.  Servicing asset

reduced by half.

•

Loan Production Offices and Officers added:

N. Canton, OH

Grove City, OH     

Charlotte, N.C.

•

New Austintown Retail Center set to open in November, 2007.

Plans to open in Apples Supermarket in Sheffield, Ohio

finalized.

HBLS Bank acquisition expected to close on 10/31/07.

•

Private Client Services Division off to an outstanding start.

•

Dividend increased 9.7%.

34

Branch Expansion:

Canfield & Austintown

35

Canfield,

Ohio

–

Seville

Drive

office

Austintown,

Ohio

–

Austintown

office

Best of the Best

36

Voted Best of the Best by Tribune Chronicle Readers:

•

Best Bank

•

Best Loans

•

Best Financial Consultant

•

Best Investments

•

Real Estate

•

Title

Voted Best Local Community Bank by:

•

Canfield Town Crier –

Canfield office

The Bank that Puts YOU

First!

First Place Foundation

•

Distributed in excess of $800,000                              

to the communities served by First Place                  

during the 2007 fiscal year

•

Focus is on:

–

Local Economic Development

–

Education

–

Social Services

–

The Arts

•

Commitment to Youngstown State University

37

Diversified Business Line

38

“Spectacular achievement is always preceded by

spectacular preparation.”

-

Robert Schuller

39

Congratulations to Our Newest

and Most Recently Promoted Officers

First Place Bank

Robert J. Antonelli

Vice President –

Mortgage Loan Officer

Michael Buynak

Vice President –

Mortgage Loan Officer

Penny A. Carey

Assistant Vice President –

Loan Service Call Center Team Leader

Dominick P. DeNunzio

Vice President –

Senior Underwriter

Greg R. Engelmann

Vice President –

Mortgage Loan Officer

Christopher E. Gray

Assistant Vice President –

Manager Loan Service Support

Joan P. Harmon

Corporate Vice President –

Risk Management

Brian C. Miller

Vice President –

Branch Sales Manager

Kimberly S. Plzak

Senior Vice President -

District Retail Manager

Lisa Vallas

Vice President –

Branch Sales Manager

Dana M. Warren

Vice President –

Branch Sales Manager

Franklin Bank

Christine Brown

Assistant Vice President –

Credit Risk Manager

Alan Warren

Senior Vice President –

Director of Credit Services

Senior Management

Debra A. Bish

Corporate Executive Vice President -

Marketing

40

QUESTION & ANSWER

The Bank That Means

The Bank That Means

Business

Business