First Place offers new loan programs with Treasury funding

WARREN — First Place Financial Corp. is offering new loan programs with $72.9 million it received Friday from the U.S. Department of Treasury.

The money is part of the $700 billion approved last year to loosen the nation’s credit markets. The first half of the money was used to shore up big financial companies that were in trouble. The rest is being used to boost the lending capacity of healthy institutions.

Steven Lewis, president and chief executive of First Place Financial, said the parent of First Place Bank is committed to investing in communities and strengthening the local economy.

New programs will be rolled out during the next several weeks.

For more information, see Tuesday’s Vindicator or www.vindy.com.