Second Bancorp Shareholders Approve Merger With Sky Financial Group
19 Mayo 2004 - 11:32AM
PR Newswire (US)
Second Bancorp Shareholders Approve Merger With Sky Financial Group
WARREN, Ohio, May 19 /PRNewswire-FirstCall/ -- SECOND BANCORP
INCORPORATED (Nasdaq: SECD; SECDP) reported that its shareholders
approved the Company's merger with and into SKY FINANCIAL GROUP,
INC. at Second Bancorp's May 18, 2004 special meeting of
shareholders. The merger, first announced on January 8, 2004 with
the companies' entry into a definitive Agreement and Plan of
Merger, was approved by 96.3% of the Second Bancorp shares voted at
the meeting (69.5% of Second Bancorp's outstanding shares),
comfortably exceeding the majority approval required for adoption.
The merger, pending regulatory approval, is expected to be
completed July 1, 2004. The related merger of Second Bancorp
subsidiary Second National Bank of Warren into Sky Financial
subsidiary Sky Bank is expected to be completed over the July 4th
weekend. Second Bancorp President and Chief Executive Officer R. L.
(Rick) Blossom characterized Sky Financial Group as the "best
possible partner" for Second Bancorp and expressed his gratitude to
the Company's loyal shareholders for their long-standing,
consistent support of the 124 year old institution. Second Bancorp
is a $2.1 billion financial holding company providing a full range
of commercial and consumer banking, wealth management, insurance
and investment products and services to communities in a nine
county area of Northeastern Ohio through subsidiaries Second
National Bank and Stouffer- Herzog Insurance Agency, Inc.
Additional information about Second Bancorp can be found on the Web
at http://www.secondbancorp.com/ . DATASOURCE: Second Bancorp
Incorporated CONTACT: Christopher Stanitz, Executive Vice President
and Secretary of Second Bancorp Incorporated, +1-330-841-0234, or
fax, +1-330-841-0489, or Web site:
http://www.secondnationalbank.com/ http://www.secondbancorp.com/
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