A May engagement has ended in an amicable November walk-away. Warren, OH-based First Place Financial Corp., the holding company for First Place Bank, called off its acquisition of Camco Financial Corp., the holding company for Advantage Bank headquartered in Cambridge, OH. The decision was mutual; nobody pays termination fees and nobody’s liable. The two CEOs, Steven Lewis and Richard Baylor, pointed to worsening market conditions for the move. First Place Financial is a $3.4 billion financial services company with service centers, loan offices, banks, and other affiliates. Camco Financial has much the same profile, with more than $1 billion in assets.
The Deal’s Off
December 01, 2008, 2:00 a.m. EST 1 Min Read
