First Place Financial Corp., the holding company for First Place Bank, filed for chapter 11 protection on Monday, Bloomberg News reported. The company, which listed debts of $64.5 million and assets of $175.3 million in court documents, indicated that it has an agreement to sell assets to Talmer Bancorp Inc. Dimensional Fund Advisers LP was listed in court papers as the only entity holding more than 5 percent of the Warren, Ohio-based company's voting shares and the largest unsecured creditors were company trusts holding subordinated debt.
