First Place, Camco shareholders to vote on merger in early November

By Angela McDaniels

Tacoma, Wash., Oct. 8 - First Place Financial Corp. shareholders will vote on the company's proposed acquisition of Camco Financial Corp. during the annual meeting at 10 a.m. ET on Nov. 5. The record date is Sept. 24.

Camco will hold a special meeting of stockholders at 10 a.m. ET on Nov. 6 to vote on the merger, according to a 424B3 filing with the Securities and Exchange Commission. The record date is Oct. 3.

The boards of directors of both companies have approved the merger and recommend that their respective stockholders vote for the merger.

If the merger is completed, Camco stockholders will elect to receive either $13.58 in cash or 0.97 of a share of First Place common stock for each share of Camco common stock.

The companies noted that because the total payment to be made to Camco stockholders is payable 73.501% in stock and 26.499% in cash, Camco stockholders may actually receive a combination of cash and stock.

The proposed merger was announced in May and is expected to close before the end of the year.

First Place Financial is the Warren, Ohio-based holding company for First Place Bank, Franklin Bank, First Place Insurance Agency, Coldwell Banker First Place Real Estate, APB Financial Group and TitleWorks Agency.

Camco is a financial holding company based in Cambridge, Ohio. Its subsidiaries are Advantage Bank and Camco Title Agency, Inc.

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