Ohio

The $1.9 billion-asset company said in a Nov. 24 regulatory filing that David Wesel is resigning his post at Peoples Bank, effective Dec. 10.

The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.

First Place Financial Corp. of Warren, Ohio, said a regulatory examination was behind its decision to postpone the release of its results for its fiscal first quarter, which ended Sept. 30.

First Place Financial Corp. in Warren, Ohio, has pushed back the release of results for its fiscal first quarter. The $3.1 billion-asset company was expected to release results for the quarter that ended Sept. 30 after the market closed Tuesday, but instead issued a brief press release saying that the report, along with a conference call with investors scheduled for Wednesday, had been postponed.

A handful of law firms said they were investigating the board of First Franklin Corp. of Cincinnati for potentially breaching fiduciary duties related to the bank's proposed sale, announced Wednesday, to Cheviot Financial Corp. of Cincinnati.

The National Credit Union Administration said Wednesday that May's failure of St. Paul Croatian Federal Credit Union in Cleveland was caused by fraud and will cost the National Credit Union Share Insurance Fund as much as $170 million, one of the biggest losses ever incurred by a noncorporate credit union.

Nearly a year after the Federal Deposit Insurance Corp. said it would resume revealing the losing bids for failed banks, bankers and others in the industry find its disclosures wanting.

Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

United Community Financial Corp. in Youngstown, Ohio, is setting the stage for a new leader.

First Federal of Lakewood in Ohio has agreed to acquire a competitor, Century Bank in Parma, Ohio. First Federal, with $1.2 billion of assets, would gain five branches and $135 million of assets from Century Bank.

About 32%, or 47, of the 146 banks that acquired a failed bank from Jan. 1, 2009, through Aug. 19 of this year have recorded a net bargain-purchase gain from the failed bank's assets.

Shareholders of Farmers Banc National Corp. in Canfield, Ohio, rejected two key proposals at the company's annual meeting, the company said Friday.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

First Place Financial Corp. in Warren, Ohio, reported that it lost $13 million in the last quarter and cited unfavorable market conditions in canceling a stock offering.

Second-quarter earnings at Ohio Valley Banc Corp. in Gallipolis, Ohio, rose 5.4% from a year earlier to $1.47 million. The $823.7 million-asset company said Thursday the quarterly earnings were driven by an increase in average-earning assets and net interest margin. For the first half, Ohio Valley's net income dropped 2% year over year to $3.3 million.

The Federal Deposit Insurance Corp. has once again pushed back the auction deadline on the $23 billion AmTrust servicing portfolio, National Mortgage News has learned.

First Place Financial Corp. has announced plans to raise $80 million in capital not only to become stronger but also to buy other institutions — including failed banks.

The Treasury Department said it expects to generate $2.9 million from the sale of warrants to purchase the common stock of First Financial Bancorp in Cincinnati.

After a year of growth through failed-bank acquisitions, First Financial Bancorp in Cincinnati posted first-quarter earnings of $11.6 million, more than double what it earned a year earlier.

The National Credit Union Administration took St. Paul Croatian Federal Credit Union under conservatorship on Friday because of the $250 million-asset institution's declining financial condition.