Merger talks end for Warren-based First Place Financial Corp.

WARREN — First Place Financial Corp. and another Ohio-based banking company have agreed to call off their planned merger.

Despite tumbling stock prices, the deal had been approved by shareholders of both Warren-based First Place and Cambridge-based Camco Financial Corp.

Steve Lewis, president and chief executive of First Place, said the deteriorating conditions of the banking industry led both organizations to agree to cancel the deal.

“We are each better off minding our own store,” he said.

For the complete story, see Tuesday’s Vindicator and Vindy.com