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| First Place Financial Corp. |
| 185 East Market Street, Warren, OH 44482 * (330) 373-1221 |
| Business Description | The company is a federally chartered mutual savings association. The bank is a community oriented savings institution whose business consists of accepting retail deposits from the general public and investing in residential mortgages. |
| Offering Information Company has | |||
| Trading As | FPFC (OTC) | Industry | Savings Bank (SIC 6035) |
| Type of Stock Offered | Common Shares | Filing Date | 09/09/1998 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 01/01/1999 |
| Foreign Shares Offered | 0 | Filing Price | $10.00 |
| Company Shares | 10,000,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $100,000,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | - - | Employees | 150 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 06/30/1994 | 06/30/1995 | 06/30/1996 | 06/30/1997 | 06/30/1998 | ||
| Revenues | 33.448 | 34.927 | 37.656 | 38.857 | 44.233 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | 4.242 | 4.029 | 4.149 | 2.224 | 4.072 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 4.42 | 7.81 | 3.19 | 13.835 | - | ||
| Net Income Growth (%) | -5.02 | 2.98 | -46.40 | 83.09 | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | 12.68 | 11.54 | 11.02 | 5.72 | 9.21 | - | - |
| Cash Flow - Oper. | 6.77 | - | - | ||||
| Cash Flow - Inv. | -60.52 | - | - | ||||
| Cash Flow - Fin. | 53.66 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1998 | Financial Ratios | ||||
| Total Assets | 609.39 | Current Assets | - | Current Ratio | - |
| Total Liab. | 550.03 | Current Liab. | 435.46 | Debt Ratio | 90.26% |
| Total Equity | 59.36 | Working Cap. | - | Debt to Equity Ratio | 9.27 |
| Cash | 6.67 | Return on Assets | 0.67% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Patton Boggs LLP |
| Bank's Law Firm | Elias, Matz, Tiernan & Herrick |
| Auditor | Crowe, Chizek and Company |
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