Bowling Green, Ohio-based banking and insurance firm Sky Financial Group Inc. has acquired Spencer-Patterson Agency, Inc. of Findlay, Ohio. Spencer-Patterson is a full-service agency that sells professional liability, personal and commercial insurance as well as group benefits.
Spencer-Patterson was merged with and into Sky Insurance Inc., Sky Financial’s insurance agency affiliate, effective yesterday.
Under the terms of the agreement between the parties, Sky Financial paid approximately 90 percent of the purchase price in its stock and approximately 10 percent in cash. It is anticipated that all employees currently working at Spencer-Patterson will be retained by Sky Insurance and will remain in the Findlay, Ohio office.