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
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Diversity Crackdown Reverberates Through US Boardrooms 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
As US Residential Solar Industry Craters, Florida Bucks Trend 
