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First Place Bank’s North Coast President Resigns
WARREN, Ohio – Kenton Thompson, corporate executive vice president of commercial banking at First Place Financial Corp. and president of the North Coast region of First Place Bank, has resigned effective Dec. 28, the holding company informed the U.S. Securities and Exchange Commission Monday.
Thompson, age 56 and resident of Hudson, joined First Place nine years ago after a 19-year career at KeyCorp where he was executive vice president for commercial banking.
He earned his baccalaureate in business administration in 1979 at Youngstown State University.
Thompson says he has accepted a position at Charles Schwab Bank in San Francisco where he will serve as senior vice president in charge of lines of business products and sales. Charles Schwab Bank reports more than $70 billion in assets.
Talmer Bancorp, Troy, Mich., has offered $45 million to buy the assets of First Place Bank and to infuse up to $205 million in additional capital. First Place Financial Corp. filed for bankruptcy Oct. 29 when it announced Talmer’s bid for the assets of the bank, its major subsidiary. Should the purchase be completed by Jan. 31 as projected, Talmer would not assume any liabilities of First Place.
Published by The Business Journal, Youngstown, Ohio.