First Place Financial Corp. · Warren, OH United States ·(NASDAQ (GS): FPFC)
Company Description
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This link will open in a new window First Place Financial is the holding company for First Place Bank, which serves businesses and consumers through about 45 branch offices in the Midwest. First Place Bank has offices in northern and central Ohio, and its Franklin Bank division operates in Michigan. First Place Financial also operates some 20 loan production offices in Ohio, Michigan, North Carolina, and Indiana. Other subsidiaries include property management firms, insurance and title insurance agencies, real estate brokerage firms, and a wealth management firm. Commercial loans -- primarily mortgages -- make up about half of First Place Financial's loan portfolio; residential mortgages account for another third of loans. To read the full description, subscribe now.
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Key First Place Financial Corp. Financials
| Company Type | Public - NASDAQ (GS): FPFC Headquarters |
| Fiscal Year-End | June |
| 2009 Sales (mil.) | $112.1 |
| 2009 Employees | 924 |
First Place Financial Corp. Executives
21 executives listed for First Place Financial Corp.'s Warren, OH location.
| Title | Name & Bio | Contact |
| Chairman, First Place Financial and First Place Bank | Samuel Roth | Network |
| CEO, First Place Financial and First Place Bank | Steven Lewis | Network |
| David Gifford | Network |
Competition
Competitive Landscape for First Place Financial Corp.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top First Place Financial Corp. Competitors
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