Delisting Determination,The Nasdaq Stock Market, LLC,
January 6, 2012, First Place Financial Corp. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove
from listing the common stock of First Place Financial Corp.
(the Company), effective at the opening of the trading
session on January 17, 2012. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rule 5250(c)(1). The Company was notified
of the Staffs determinations on May 17, 2011.
The Company appealed the determination to a Hearing Panel
and also requested that the Panel extend the stay of delisting
action pending the hearing, a request the Panel granted.
After a hearing and review of the information
provided by the Company, the Panel issued a decision
granting the Company continued listing pursuant to an exception
through November 10, 2011, by which date the Company was
required to regain compliance with Listing Rule 5250(c)(1).
However, the Company subsequently informed the Panel that it
could not regain compliance by that date. On November 8, 2011,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
securities would be suspended on November 10, 2011.
The Company did not request a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council. The
Listing Council did not call the matter for review.
The Panels Determination to delist the Company became
final on December 23, 2011.