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Article: First Place Financial Corp. Announces Definitive Agreement to Acquire OC Financial.
- Article from:
- PR Newswire
- Article date:
- April 2, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WARREN and DUBLIN, Ohio, April 2, 2008 /PRNewswire-FirstCall/ -- First Place Financial Corp. , the holding company for First Place Bank headquartered in Warren, Ohio, and OC Financial Inc. (BULLETIN BOARD: OCFL) , the holding company for Ohio Central Savings headquartered in Dublin, Ohio, today announced that they have reached a definitive agreement for First Place to acquire OC Financial in a stock merger transaction. This transaction is valued at approximately $7.2 million, based on the average closing price of First Place common stock for the 10 business days ended April 1, 2008 of $13.37 which would result in a value of $12.86 for each OC Financial share.
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