First Place Financial Corp. Receives Nasdaq Determination Letter; Intends to Request Hearing

First Place Financial Corp. FPFC today reported that it has received a determination letter from the Nasdaq Listing Qualifications Staff advising that the Company remains noncompliant with the filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The determination letter, which the Company expected, was issued in accordance with standard Nasdaq procedures regarding the delayed filing of the Company's Quarterly Reports on Form 10-Q for the quarters ended September 30, 2010, December 31, 2010, and March 31, 2011, with the Securities and Exchange Commission. As a result of the delayed filings, the determination letter indicates that the Company's common stock is subject to delisting from Nasdaq unless the Company requests a hearing before a Nasdaq Listing Qualifications Panel.