WARREN, OHIO - First Place Financial Corp. said Wednesday it would buy FFY Financial Corp., Youngstown, for about $72 million in stock, in a deal the companies said would create the fourth largest thrift institution in the state.

The new corporation would have $1.7 billion of assets and 35 locations. First Place said it expects to save about $4 million pretax, about 13% of the combined company's noninterest expenses.

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