Business digest

REGION

First Place Financial posts loss for first quarter

WARREN — First Place Financial Corp. lost $12.7 million in the quarter ended June 30, compared with earnings of $2.9 million in the same quarter last year.

The parent of First Place Bank said the decline in earnings was the result of $15 million that was set aside last quarter to cover loan losses and increased expenses related to foreclosed real estate that the bank owns and new government insurance premiums.

FNB Corp. earnings drop compared to last year

HERMITAGE, Pa. — F.N.B. Corp. earned $9.1 million in the quarter that ended June 30, compared with earnings of $14.3 million in the same quarter last year. F.N.B. is the holding company for First National Bank of Pennsylvania.

NATION

U.S., Canada appoint more members to GM board

NEW YORK — The U.S. and Canadian governments have appointed five more members to the General Motors Co. board of directors.

Daniel F. Akerson, David Bonderman, Robert D. Krebs and Patricia F. Russo will represent the U.S. Treasury, which owns a roughly 61 percent stake in the company. Carol Stephenson will represent the Canadian government, which owns a 12 percent stake.

GM said in a regulatory filing Thursday that the board members will receive an annual retainer of $200,000.

From Vindicator staff and wire reports