First Place Financial 8-K Results of Operations and Financial Condition

February 25, 2008

Investor Meetings

Sidoti

Chicago, IL

Steven R. Lewis, President & CEO

David W. Gifford, CFO

Exhibit 99.1

Forward-looking Statements

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.

2

The Case for First Place

3

•

History of Asset Growth

•

By acquisition

•

Through de novo locations

•

By increasing market share in existing locations

•

Aggressive, comprehensive, and effective retail platforms

•

Strong Lending Function

•

Commercial Loan growth leading to balanced portfolio

•

Consistent Mortgage Banking contribution

•

Core Strategic commitment to low cost infrastructure

•

Favorably Priced

•

Market

value

of

$12.58

as

of

2/21/08

was

66.2%

of

12/31/07

book

value

•

Market value of $12.58 as of 2/21/08 was 100.6% of 12/31/07 tangible book value

•

$3.3 billion in assets

•

$207 million market cap at February 21, 2008

•

Average daily trading volume January 2008: 102,211

•

Institutional & insider ownership: 44% & 9% respectively

•

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

•

43 branches

•

20 loan production offices

•

2 business financial centers

•

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

management, and real estate

•

Ticker Symbol: FPFC  

First Place Corporate Profile

4

•

Expand into more densely populated markets

•

Build infrastructure for excellence and efficiency

•

Transition balance sheet for enhanced profitability with greater

commercial orientation

•

Diversify revenue opportunities to be less margin dependent

•

Pursue excellent asset quality

•

Execute above peer median financial results

•

Deliver outstanding results to shareholders

First Place Core Strategy

5

Timeline Significant Milestones

6

Completion

of Stock

Conversion

and Initial

Public

Offering of

Stock

12/31/98

Ravenna

Savings Bank

Acquisition

5/12/00

FFY Financial

Corp.

Acquisition

Loan Sales

for Fiscal

2001 Reach

$154 Million

Franklin

Bancorp.

Acquisition

Loan Sales

for Fiscal

2004 Reach

$905 Million

Northern

Savings &

Loan

Acquisition

Total Assets

Reach $3.1

Billion

Citizens

Republic

Branch

Purchase

($200 Million

Deposits)

HBLS Bank

Acquisition

FPFC

Recognizes

$10.2 Million in

Loan,

Investment and

REO Write-

Downs and

Records First

Quarterly Loss

since 2000

5/28/04

12/22/00

6/27/06

4/27/07

12/31/07

6/30/01

6/30/04

6/30/06

10/31/07

3/31/07

Commercial

Loans Reach

$1.0 Billion

Multi-State Footprint

7

Demographic Profile

8

First Place Financial Corp. (NASDAQ: FPFC)

Ownership: Current

Market: MSA

MSA

Market

Rank

Number

of

Branches

Company

Deposits

in Market

($000)

Deposit

Market

Share

(%)

Percent of

National

Franchise

(%)

Total

Population

2007

(Actual)

Population

Change

2000-2007

(%)

Projected

Population

Change

2007-2012

(%)

Median

HH

Income

2007

($)

HH

Income

Change

2000-2007

(%)

Projected

HH Income

Change

2007-2012

(%)

Youngstown-Warren-Boardman, OH-PA

2

20

1,269,190

14.88

53.75

590,887

(2.00)

(2.11)

44,458

22.44

14.87

Detroit-Warren-Livonia, MI

16

7

462,786

0.52

19.60

4,561,522

2.45

1.31

61,856

24.30

16.22

Cleveland-Elyria-Mentor, OH

17

8

281,535

0.47

11.92

2,150,129

0.09

0.23

52,755

23.75

16.49

Flint, MI

6

7

202,698

4.79

8.58

448,530

2.84

1.89

51,660

22.61

16.69

Akron, OH

15

2

101,435

0.93

4.30

707,682

1.83

1.08

53,023

23.48

16.01

Defiance, OH

5

1

43,743

5.64

1.85

39,047

(1.15)

(0.84)

54,898

22.14

15.63

MSA Totals

45

2,361,387

100.00

8,497,797

Weighted Average: MSA

(0.28)

(0.66)

50,036

23.01

15.55

Aggregate: National

306,348,230

8.86

6.26

53,154

26.06

17.59

Weighted

Average

is

calculated

as

the

sum

of

(Percent

of

State/National

Franchise

*

demographic

item)

within

each

market.

Banks,

Thrifts,

and

Savings

Banks

included

(Retail

Branches

Only)

Note: National Franchise does not include deposits held in U.S. Territories and other non-states, excluding District of Columbia.

Demographic data is provided by ESRI based primarily on US Census data. For non-census year data, ESRI uses samples and projections to estimate the demographic data.

SNL performs calculations on the underlying data provided by ESRI for some of the data presented on this page.

Building an Infrastructure for Excellence

9

•

Strong management team (Average years of experience 25 )

•

Flexible, flat  and efficient organizational structure

•

Vertically

aligned

incentives

for

sales

force

and

management

•

Proven & effective sales culture

•

Right technology

•

Attract and retain talent

Opportunity for Continued Improvement

•

Continue improving credit quality

•

Revenue enhancement strategies

•

Line-by-line expense management

•

Disciplined capital management

•

Prudent franchise expansion

•

Commitment to core platform convenience, ease of use, and

efficiency

10

Credit Quality

11

125%

146%

125%

133%

102%

91%

86%

76%

71%

57%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

NPL/Loans %

Charge-off %

ALLL/NPL %

Effective Efficient Credit Policies

•

Loan production and underwriting are separated

•

Commercial loan officers have rapid access to decision-makers

•

Approval process is compressed yet efficient

•

Aggregate in-house limit is $15 million

•

Comprehensive internal and external loan review process

•

Chief Credit Officer is independent of production

•

Proactive metric research and forecasting

12

Risk Profile

Mortgage Loans –

Amortizing First Mortgages

13

Dollars

(in thousands)

Percent

Loan to value ratio

Less than 80%

$574,797,247

81.4%

80.00% to 89.99%

$85,914,483

12.2%

90% and over

$45,778,709

6.5%

Total

$706,490,439

100.0%

FICO Score

Over 700

$481,666,685

68.2%

600 to 700

$205,434,071

29.1%

Under 600

$19,389,683

2.7%

Total

$706,490,439

100.0%

90% and over LTV by FICO Score

Over 700

$21,696,836

3.1%

600 to 700

$22,381,034

3.2%

Under 600

$1,700,839

0.2%

Total

$45,778,709

6.5%

December 31, 2007

Risk Profile

Consumer Loans Secured by Mortgages

14

Dollars

(In Thousands)

Percent

Loan to value ratio

90% or less

$257,789

81.5%

Over 90%

$58,608

18.5%

Total

$316,397

100.0%

FICO Score

Over 700

$225,949

71.4%

600 to 700

$85,783

27.1%

Under 600

$4,666

1.5%

Total

$316,397

100.0%

90% and over LTV by FICO Score

Over 700

$38,007

12.0%

600 to 700

$18,923

6.0%

Under 600

$1,679

0.5%

Total

$58,608

18.5%

December 31, 2007

12/31/07

Financial Results

Enhancement:

Transitioning the Balance Sheet

0%

20%

40%

60%

80%

100%

2001

2002

2003

2004

2005

2006

2007

2Q 08

Other

Investments

Consumer

Commercial

16

Change in Asset Mix from 2001:

•

Consumer loans declined from 54.6% to 46.8%

•

Commercial loans grew from 5.8% to 35.5%

Change in Deposit Mix from 2001:

•

CDs declined from 58.6% to 47.4%

•

Non-interest DDAs  grew from 2.3% to 9.9%

•

Core deposits = 84% of total deposits

To Core Deposits

To Core Deposits

To Higher Yield Loans

To Higher Yield Loans

Fiscal Year ending 6/30

Fiscal Year ending 6/30

0%

20%

40%

60%

80%

100%

2001

2002

2003

2004

2005

2006

2007

2Q 08

CD's

Money Market

Savings

NOW

Non-interest DDA

A Diversified Loan Portfolio

17

Loan portfolio value as of 12/31/2007:  $2.648 Billion

Loan Portfolio Mix as of December 31, 2007

Commercial Real

Estate

17%

C & I

16%

Residential

43%

Home Equity

7%

HELOC

7%

Multi-family Real

Estate

4%

Home Builder Credit

Facilities & Land

Development

7%

Consumer

1%

$19.1

$22.0

$24.0

$87.0

$78.4

$72.0

$48.2

$44.1

$44.7

$38.6

$42.9

$13.5

$29.9

$31.9

$8.9

$16.8

$0

$20

$40

$60

$80

$100

$120

2001*

2002

2003

2004

2005*

2006

2007

1st Half

2008

Net interest Income

Non-interest Income

Diversification:

Total Operating Revenue Growth:  CAGR = 15.2%

($millions)

FYE 6/30:

$47.5

$58.2

$63.2

$70.2

18

$96.0

$118.9

$108.3

$59.7

Non-interest Income Growth* = 22.6%

Second Quarter 2008

Financial Highlights

19

•

Net Loss of $3.1 million down 148.2% from prior year quarter

•

Net Loss of $3.1 million down 150.3% from last quarter, September

2008

•

Net Interest Margin was  2.92% down from a 2.94% in first quarter fiscal

2008

•

Non Performing Assets 1.69% of total assets at 12/31/07 up from 1.46%

at 9/30/07

•

Treasury Stock Purchases of 363,860 shares at $15.50 average price

•

Commercial Loans grew $103 million during the quarter and increased

from 42% to 44% of total portfolio loans

Net Income History

20

GAAP Net Income

Core Earnings

*CAGR = 6 years 2001-2007

CAGR* = 26.3%

CAGR* = 20.8%

$8,386

$16,230

$16,692

$15,565

$21,342

$24,457

$26,111

$7,456

1.02

1.16

1.29

1.2

1.46

1.65

1.52

0.46

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

2001

2002

2003

2004

2005

2006

2007

2Q08

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

Core Earnings

EPS

$6,314

$16,230

$16,692

$14,151

$18,938

$23,044

$25,624

$3,107

0.54

1.16

1.29

1.09

1.3

1.55

1.49

0.19

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

2001

2002

2003

2004

2005

2006

2007

2Q08

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

Net Income

EPS

Financial Results:

Net Income to Core Net Income*

$24,457

-

-

$1,413

$23,044

2006

$8,386

-

-

$2,072

$6,314

2001

$16,230

-

-

-

$16,230

2002

$3,835

-

$3,410

-

-

Other-than-temporary

impairment of

securities, net of tax

-

-

$(1,005)

-

-

Tax-free proceeds

from executive life

insurance policy

$26,111

$487

$25,624

2007

$21,343

-

$18,938

2005

$15,565

$1,414

$14,151

2004

$7,456

$16,692

Core Earnings

$514

-

Merger, integration

and restructuring

costs, net of tax

$3,107

1   Half

Fiscal 2008

2003

$16,692

GAAP Net Income

21

* Values in thousands

st

Average Earning Assets

45%

32%

12%

10%

1%

22

40%

36%

13%

9%

1%

Fiscal 2007

Six Months Ended

December 2007

Yield 6.61%

Yield 6.58%

•

Securities

•

Mortgage and Construction Loans

•

Commercial Loans

•

Federal Home Loan Bank Stock

•

Consumer Loans

Average Liability Mix

9%

5%

28%

36%

9%

13%

23

8%

5%

28%

37%

7%

14%

Yield 4.01% *

Yield 4.15%

•

Non-interest Bearing Checking

•

Certificate of Deposit

•

Interest Bearing Checking

•

Short-term Borrowings

•

Savings and Money Market

•

Long-term Debt

Fiscal 2007

Six Months Ended

December 2007

* Includes 4 basis point benefit from the call of an FHLB Advance with a purchase accounting premium

Non Interest Income

24

Total Non-interest Income December 2007 YTD = $10.9 Million

•

Total Service Charges & Fees on Deposits

•

Net Gain on Loan Sales

•

Impairments of Securities

•

Other Misc. Income –

Bank (ATM fees,  

LOC fees, BOLI)

•

Other Misc. Income –

Non-Bank

-60%

-40%

-20%

0%

20%

40%

60%

80%

Revenue and Expense Performance Ratios

25

58.5%

2.53%

59.4%

2.58%

57.5%

2.53%

57.3%

2.38%

65.9%

2.62%

2004

2005

2006

2007

1st Half

Fiscal 2008

•

Core efficiency ratio (using fully tax equivalent net interest income and omitting CDI amortization)

•

Core noninterest

expense as a percent  of average assets

Long

Term

Target

Efficiency

<

60.00%

and

NIE

to

Average

Assets

<

2.50%

Capital

26

•

Defined within boundaries of the Capital Plan

•

Increase dividend when sustainable

•

Repurchase shares when prudent

TARGET = 6.00% -

7.50%

TARGET = 9.00% -

11.00%

TARGET = 10.50%

-

12.50%

Tangible Equity to Tangible Assets

Tier 1 Risk-Based Capital Ratio

Total Risk-Based Capital Ratio

December 31, 2007 6.42%

December 31, 2007 10.01%

December 31, 2007 11.02%

Financial Results:

Performance Measures

99.17%

2.92%

2.26%

1.50%

.15%

12/31/2007

2Q2008

3.33%

3.33%

2.94%

3.02%

3.01%

2.94%

3.07%

3.15%

3.04%

3.24%

Core NIM

61.88%

11.60%

7.72%

.78%

9/30/2007

1Q2008

67.32%

5.59%

5.06%

.53%

median

LTM

67.23%

5.51%

5.18%

.50%

median

MRQ

Thrift Peers**

Regional

Peers***

67.30%

9.80%

7.18%

.62%

median

MRQ

59.73%

11.03%

7.44%

.78%

6/30/2007

4Q2007

60.35%

10.51%

5.96%

.61%

LTM

median

LTM

3/31/2007

3Q2007

12/31/2006

2Q2007

9/30/2006

1Q2007

64.98%

58.5%

56.8%

57.6%

Efficiency*

9.57%

11.71%

11.90%

13.13%

Core

ROTE

7.39%

8.02%

8.06%

8.78%

Core ROE

.66%

.85%

.86%

.90%

Core ROA

27

*Excludes CDI Amortization

***Regional

Peers:

Publicly

Traded

Banks

&

Thrifts

with

Assets

between

$1.0

-

$5.0

Billion

located

in

IL,

IN,

MI,

OH

&

PA.

n

=

47

**Thrift

Peers:

Publicly

Traded

Thrifts

with

Assets

between

$1.0

-

$5.0

Billion

located

in

the

United

States.

n

=

41

Financial Results:

Net Income to Core Earnings*

$3,835

-

-

-

-

-

Other-than-

temporary

Impairment of

Securities, net of

Tax

$6,254

-

$6,254

9/30/2007

1Q2008

$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

$1,202

Core Earnings

$514

Merger,

integration and

restructuring, net

of tax

$(3,147)

12/31/2007

2Q2008

GAAP Net Income

28

*Values in thousands

-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

11.39%

28.15%

42.20%

63.33%

69.85%

69.94%

Total Return Comparison –

Conversion to 2/19/08

29

-50.00000%

-40.00000%

-30.00000%

-20.00000%

-10.00000%

0.00000%

10.00000%

20.00000%

FPFC

S&P 500

NASDAQ

DJIA

NASDAQ BANK INDEX

S & P SMALL CAP BANK

-36.48%

-23.34%

-17.05%

-9.96%

-8.47%

-5.79%

Total Return Comparison –

Current Fiscal Year to Date

30

Strategic Achievements Over the Last 4 Quarters

•

Integration of Northern Savings Bank acquisition completed

•

Company-wide core system replacement completed successfully

•

Acquisition of Indianapolis LPO completed

•

Opened 5 retail locations (3 geographic adjustments and 2 de novos)

•

Acquired and integrated seven retail locations in suburban Flint, Michigan

•

Acquired and integrated the HBLS Bank in Hicksville, Ohio

•

Expanded our lending footprint within the Cincinnati MSA and opened

LPOs

in Battle Creek, Michigan and Charlotte, North Carolina

31

Strategic Opportunities

•

Take advantage of consolidating markets but beware of the Trojan

Horse

•

Continue extracting efficiencies from newly installed core systems

•

Expand

platform

at

newly

acquired

Flint

locations

–

In

process

•

Focus on rapid elimination of NPAs

•

Continue to take advantage of a shrinking mortgage banking market

•

Reduce deposit costs expeditiously and reprice / reposition borrowings

where possible

•

Maintain disciplined capital management

32

“Spectacular achievement is always preceded by

spectacular preparation.”

-

Robert Schuller

33

The Bank That Means

The Bank That Means

Business

Business