FIRST PLACE FINANCIAL CORP
8-K, 2000-01-06
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)
                                January 3, 2000



                        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

         Shareholder letter dated January 3, 2000, 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  Shareholder letter dated January 3, 2000.


                                       2

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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:  January 4, 2000                 /s/ James D. Rose
                                       -------------------------------------
                                       President and Chief Operating Officer


                                       3

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[LOGO]

                                       January 3, 2000


Dear Shareholder:

    At the November 30, 1999 meeting, the Board of Directors declared a
regular quarterly dividend of $.37 per share and a special year-end dividend
of $.37 per share. Both dividends are payable January 3, 2000 to shareholders
of record as of December 21, 1999. The payment date was moved up from the
normal February 1, 2000 date in anticipation of the acquisition of First
Place by Wells Fargo & Company.

    Each of you should have received the Notice of Special Meeting of
Shareholders to be held on January 11, 2000 and the accompanying Proxy
Statement - Prospectus dated December 10, 1999. IF YOU HAVE NOT ALREADY
RETURNED YOUR PROXY FORM, WE STRONGLY ENCOURAGE YOU TO DO SO - EVEN IF YOU
PLAN TO ATTEND THE MEETING IN PERSON.

    If you have not sent in your proxy because you plan to attend the Special
Meeting and something comes up that prevents you from attending, you will not
have a vote. And, if you do attend the Special Meeting, you may revoke your
proxy and vote your shares in person. To insure that your proxy is received
in time for the meeting, you may fax it to our transfer agent at (505) 324-9556.

    Assuming a shareholder vote in favor of the acquisition by Wells Fargo,
the transaction is scheduled to close in early 2000. Current quotes on the
stock prices can be found under the ticker symbols FPLF for First Place and
WFC for Wells Fargo.

    Thank you for your continued support.


/s/ Richard I. Ledbetter               /s/ James D. Rose

Richard I. Ledbetter                   James D. Rose
Chairman of the Board and              President and
Chief Executive Officer                Chief Operating Officer


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