First Place Financial Corp. Reports Fourth Quarter Net Loss of $11.9 Million; Nonperforming Loans Continue to Decrease

Net loss for the fourth quarter of fiscal 2010 was $11.9 million. After deducting preferred stock dividends and discount accretion, the loss attributable to common shareholders was $13.0 million. -- First Place continued to aggressively address troubled assets in the commercial loan portfolio, contributing to a $14 million, or 12.3%, reduction in nonperforming loans and a ratio of nonperforming loans to total loans that declined to...