First Place Receives Additional Nasdaq Notification

First Place Financial Corp. (Nasdaq: FPFC) announced today that it has received a letter from The Nasdaq Stock Market notifying the Company that, for 30 consecutive business days, the Company's common stock had not maintained a minimum bid price of $1.00 per share as required for continued listing by Nasdaq Marketplace Rule 5450(a)(1). This notification has no effect on the listing of the Company's common stock on the Nasdaq at this time.

In order to regain compliance, the Company must maintain a closing bid price of at least $1.00 per share for at least ten consecutive business days prior to February 21, 2012.