UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: May 24, 2000
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FIRST PLACE FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-25049 34-1880130
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification #)
185 E. Market Street, Warren, OH 44482
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including are code (330) 373-1221
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N/A
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(Former name or former address, if changed since last report)
Item 5 Other Events
On May 12, 2000, the Company issued the following press release:
First Place Financial Corp. Completes Acquisition of Ravenna Savings Bank
WARREN, Ohio (May 12, 2000) - First Place Financial Corp. (NASDAQ-FPFC) reported
that its acquisition of Ravenna Savings Bank announced in November of 1999 has
become effective as of the close of business on Friday, May 12. Immediately upon
completion of the merger, Ravenna was merged into First Federal Savings and Loan
Association of Warren, the subsidiary of First Place Financial Corp. Ravenna's
five branch offices will open for business on May 13, 2000 as offices of First
Federal.
"This acquisition is consistent with our previously stated growth plans and
provides First Place Financial an opportunity to expand into attractive, high
growth markets," said Steven R. Lewis, President and CEO of First Place
Financial. "We will now have a billion dollar bank that will be well positioned
to pursue other growth opportunities."
As of March 31, 2000, First Place had total assets of $825.7 million, deposits
of $466.8 million and shareholders' equity of $126.3 million. On the same date,
Ravenna Savings Bank had total assets of $203.4 million, deposits of $122.8
million and shareholders' equity of $12.1 million.
"We believe that this transaction will benefit our shareholders, customers,
employees and community," said Earl T. Kissel, President and CEO of Ravenna
Savings Bank. "First Place is one of northeast Ohio's premier community
financial institutions. As part of First Place, we will be in a stronger
competitive position in the years ahead."
First Federal specializes in community banking with eleven full-service offices
in Trumbull and Mahoning Counties along with six loan production offices in
Northeast Ohio. Ravenna has five offices in Portage, Summit and Medina Counties.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST PLACE FINANCIAL CORP.
Date: May 24, 2000 By: /s/ Steven R. Lewis
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Steven R. Lewis,
President and CEO