FIRST PLACE FINANCIAL CORP
8-K, 1998-01-08
STATE COMMERCIAL BANKS
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<PAGE>

                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, DC  20549







                                      FORM 8-K







                                   CURRENT REPORT







                      Pursuant to Section 13 or 15 (d) of the
                          Securities Exchange Act of 1934





                  Date of Report (Date of earliest event reported)
                                 December 22, 1997





                         FIRST PLACE FINANCIAL CORPORATION          
               -------------------------------------------------------
               (Exact name of registrant as specified in its charter)





          New Mexico                 0-25956               85-0317365
- -------------------------------    ------------        -------------------
(State or other jurisdiction of    (Commission           (I.R.S Employer
incorporation or organization)     file number)        Identification No.)




100 East Broadway, Farmington, New Mexico                    87401     
- -----------------------------------------------------------------------
Address of principal executive offices                      Zip Code   



Registrant's telephone number, including area code:  (505) 324-9500
                                                     --------------


<PAGE>

ITEM 5.   OTHER EVENTS
          ------------

          News release dated December 22, 1997, announcing that First National
          Bank of Farmington has filed an application with the Office of the
          Comptroller of the Currency to establish a branch bank in Kirtland,
          New Mexico.


ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS
          ---------------------------------

          (c)  EXHIBITS

          News release from First Place Financial Corporation dated December 22,
          1997.


<PAGE>

                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.

                                       FIRST PLACE FINANCIAL CORPORATION  
                                                  (Registrant)           


Date:  January 6, 1998                 /s/ James D. Rose
       ---------------                 -------------------------------------
                                       President and Chief Operating Officer



<PAGE>



                                     NEWS RELEASE
                              -------------------------


DATE:          December 22, 1997
CONTACT:       James D. Rose, Executive Vice President
TELEPHONE:     (505) 324-9542


                          FIRST NATIONAL BANK OF FARMINGTON


FARMINGTON, NEW MEXICO -- Richard I. Ledbetter, president and chief executive 
officer of First National Bank of Farmington, announced today that First 
National has filed an application with the Office of the Comptroller of the 
Currency to establish a branch bank in Kirtland, New Mexico.


     According to Ledbetter, the site for the proposed branch is the Central 
Plaza shopping center located at 4206 U.S. Highway 64. The branch will be 
full-service, including two drive-up lanes. A drive-up ATM is also planned.


     James D. Rose, chief operating officer, stated that the branch will 
employ approximately six people and should open sometime during the second 
quarter of 1998.


     Rose stated that "The Kirtland area continues to have good growth in 
both population and business activity and is an area we've had our sights on 
for the past couple of years."



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