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Sky Financial Group Acquires EOB Inc.
BOWLING GREEN, Ohio -- Sky Financial Group Inc. recently announced the acquisition of EOB Inc., Canton, Ohio. EOB is an insurance agency that specializes in the sales and service of group benefit products.EOB was merged with and into Sky Insurance Inc., Sky Financial's insurance agency affiliate, effective April 1.Under the terms of the agreement between the parties, Sky Financial paid approximately 90% of the purchase price in its stock and approximately 10% in cash. It is anticipated that all employees currently working at EOB will be retained by Sky Insurance and will remain in the Canton, Ohio office."Joining forces with Sky Insurance opens many new opportunities for EOB," states Bob Fisher, president of EOB. "Our company has joined forces with one of the top insurance agencies in the country and we look forward to being a competitive force in the markets we serve.""Bringing the EOB staff into the Sky family gives us opportunity for cross-referrals in a wider geographical area," adds Jerry Batt, chief executive officer of Sky Insurance. "Additionally, EOB's worksite marketing program will strengthen the retail strategy of our insurance operations."Sky Financial Group is a $12.9 billion diversified financial holding company that operates over 260 financial centers and over 280 ATMs serving communities in Ohio, Pennsylvania, Michigan, Indiana and West Virginia.Visit Sky Financial Group: www.skyfi.com"