BOWLING GREEN — Sky Financial Group Inc. plans to acquire Second Bancorp Inc., based in Warren, Ohio, in a deal valued at $321 million.
The deal will also include the acquisition of Second Bancorp's wholly-owned subsidiaries, which includes Second National Bank, a $2.1 billion bank that operates 33 full-service branches and six loan production offices in a nine county area of Northeastern Ohio. Sky Financial is a $12.8 billion holding company.
The agreement, expected to be completed at the end of next quarter, provides for the merger of Second Bancorp into Sky Financial Group, and the subsequent merger of Second National Bank into Sky Bank, Sky Financial Group's commercial banking affiliate.
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