First Place Financial Corp. announced that it acquired OC Financial Inc. Sterlent Credit Union has been ordered to liquidate by the California Department of Financial Institutions and the National Credit Union Administration, an announcement said. The Federal Deposit Insurance Corporation announced it issued cease-and-desist orders against Family Bank and Trust Co., Palos Hills, Ill.; Oxford Bank, Oxford, Mich.; Pinnacle Bank, Beaverton, Ore.; and Earthstar Bank, Southampton, Penn. The Federal Reserve Board announced the termination of cease-and-desist orders issued in 2006 against Bank of York, York, Ala., and First BanCorp, Santurce, Puerto Rico.
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