| Business Summary | | First
Place
Financial
Corp.
is
the
holding
company
for
its
wholly
owned
subsidiary,
First
Federal
Savings
and
Loan
Association
of
Warren.
First
Federal's
principal
business
consists
of
accepting
retail
deposits
from
the
general
public
and
investing
these
funds
primarily
in
one-
to
four-family
residential
loans,
automobile
and
home
equity
loans
and,
to
a
lesser
extent,
multi-family,
commercial
real
estate,
commercial
and
construction
loans.
Headquartered
in
Warren,
Ohio,
First
Federal
currently
operates
fourteen
full-service
banking
facilities,
two
limited
service
banking
facilities
and
six
loan
production
offices.
The
banking
facilities
of
First
Federal
are
located
in
Trumbull,
Mahoning
and
Portage
Counties
of
Ohio
while
the
loan
production
offices
are
spread
throughout
northeast
Ohio. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FPFC
is
a
holding
company
for
the
First
Federal
Savings
and
Loan
Association
of
Warren
which
serves
northeastern
Ohio.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
65%
to
$69.1
million.
Net
interest
income
after
loan
loss
prov.
rose
25%
to
$23.7
million.
Net
income
fell
64%
to
$2.4
million.
Net
interest
income
reflects
higher
average
earning
assets,
partially
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
losses
on
sales
of
loans. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
28,917;
after
tax
earnings
were
3,941. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert McGeough, 70 Chairman | -- | Steven Lewis, 42 Pres,
CEO, Director | $1.3M | Richard Smith, 42 VP
and Treasurer of First Place and Sr. VP of First Federal | -- | Dominique Stoeber, 36 Sec.
of First Place and Sr. Vice Pres of First Federal | -- | Timothy Beaumont, 42 Sr.
VP of First Federal | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|