Nasdaq Stock Exchange boots First Place Financial Corp. from stock listings

WARREN — First Place Financial Corp. will be delisted from the Nasdaq Stock Exchange for failure to file four years worth of financial statements.

The company will no longer be listed at the opening of business on Thursday, the drop-dead date for which the company had to comply with Nasdaq filing requirements.

“While we have been working tirelessly on the restatement process, the enormous number of components affected and the complexity of the process have made the Nov. 10 deadline impossible for us to meet,” stated Steven R. Lewis, President and Chief Executive Officer, in a statement. “The NASDAQ delisting is an unfortunate and unavoidable result of the ongoing restatement process.”

First Place shares dropped 5 cents and closed today at 78 cents a share.