WARREN, Ohio, June 3, 2010 (GLOBE NEWSWIRE) -- First Place Financial Corp. (Nasdaq:FPFC) today announced its intention to commence a public offering of approximately $80 million of common stock and as an initial step in this process 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.
A registration statement relating to the issuance of common stock has been filed with the Securities and Exchange Commission but has not yet become effective. You may get this registration statement for free by visiting the EDGAR section of the Securities and Exchange Commission website at www.sec.gov. Copies of the registration statement may also be obtained by contacting Dave Gifford at First Place Bank, 185 East Market Street, Warren, Ohio, (330) 373-1221. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About First Place Financial Corp.
First Place Financial Corp. is a $3.2 billion financial services holding company based in Warren, Ohio. First Place Financial Corp. operates 44 retail locations, 2 business financial service centers and 21 loan production offices through its principal subsidiary, First Place Bank. Additional affiliates of First Place Financial Corp. include First Place Holdings, Inc., the holding company for the Company's nonbank affiliates including First Place Insurance Agency, Ltd., First Place Real Estate, Ltd. and Title Works Agency, LLC.
Forward-Looking Statements
When used in this press release, or future press releases or other public or shareholder communications, in filings by 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 such as "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "believe," "should," "may," "will," "plan," or variations of such terms 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.