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Treasury Decries Wilbur Ross' $45M Bid For First Place Bank

By Kelly Rizzetta (November 21, 2012, 9:01 PM EST) -- The U.S. Treasury Department on Tuesday objected to turnaround artist Wilbur L. Ross Jr.'s bid to purchase First Place Bank out of Chapter 11 for $45 million, saying the government would not be able to recoup its nearly $73 million bailout of the struggling Ohio-based bank....

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