FIRST PLACE FINANCIAL CORP
8-K, 1999-12-23
STATE COMMERCIAL BANKS
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            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 16, 1999


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

        News release dated December 16, 1999, announcing the regular quarterly
        dividend of $.37 per share and a special dividend of $.37 per share
        payable on January 3, 2000.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (c)  EXHIBITS

             99.1   News release dated December 16, 1999.



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                                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:  DECEMBER 21, 1999               /s/ James D. Rose
                                          --------------------------------------
                                           President and Chief Operating Officer



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[LOGO]


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


DATE:        December 16, 1999
CONTACT:     James D. Rose, President
TELEPHONE:   (505) 324-9542


                       FIRST PLACE FINANCIAL CORPORATION

FARMINGTON, NEW MEXICO -- The Board of Directors of First Place Financial
Corporation recently declared a regular quarterly dividend of $.37 per share
and a special dividend of $.37 per share to shareholders of record as of
December 31, 1999. Both dividends will be paid January 3, 2000.

First Place, which is the largest bank holding company headquartered in New
Mexico, signed an agreement in August 1999 to be acquired by Wells Fargo &
Company. This transaction, which is subject to regulatory approval and
approval by First Place shareholders, is scheduled to close in January 2000.
At September 30, 1999, First Place had total assets of $849.5 million.

First Place owns First National Bank of Farmington, Western Bank, Gallup,
Capital Bank, Albuquerque, and Burns National Bank of Durango, Colorado.




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