Sky Financial Group has completed the acquisition of Meyer & Eckenrode Insurance Group, a full service insurance agency providing a wide array of property, casualty, surety, professional liability, health, life and executive benefit insurance products to individuals and businesses nationwide.
Meyer & Eckenrode, formed in 1936, is headquartered in Carnegie, Pennsylvania. All Meyer & Eckenrode employees will remain with the agency, and its name will not change. Under the terms of the transaction, shareholders of Meyer & Eckenrode will receive shares of Sky Financial common stock in a tax-tree exchange.
Ronald L. Murray, President of Picton Cavanaugh, Sky Financial’s Insurance agency affiliate said Meyer & Eckenrode represents a perfect complement to the company’s insurance business. “The combination of Meyer & Eckenrode and Picton Cavanaugh will result in Sky Financial’s insurance franchise generating Annual revenue of approximately $17 million, and creates the availability of additional products to its existing customers,” he said.
Sky Financial Group, Inc. is a diversified financial services holding company headquartered in Bowling Green, Ohio. The company’s banking affiliates include Mid Am Bank, Toledo, Ohio; Sky Bank, Salineville, Ohio; and The Ohio Bank, Findlay, Ohio. The Company also operates a wide range of financial service affiliates that complement its core banking business.
Topics Mergers & Acquisitions Ohio
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