First Place Financial Corp. is getting more than it bargained for in its deal with fellow Ohioan FFY Financial Corp.
FFY Financial, a Youngstown holding company that is merging with $1 billion-asset First Place, said Tuesday that it plans to buy Stillson & Donahay Casualty Agency Inc. of Poland, Ohio. The agency would become part of FFY's insurance subsidiary. Both deals are expected to close by January. First Place, of Warren, announced in May that it had agreed to merge with $666 million-asset FFY in a deal valued at about $72 million. The merger of equals would create Ohio's fourth-largest thrift company.