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Richard R. Hollington III has been busy as the regional president of the Greater Cleveland Region of Sky Bank, the commercial and retail banking affiliate of Sky Financial Group Inc. He has led Sky Bank's regional management team in the acquisition of two community banks and announced plans last month to acquire a third.
When Sky Bank acquired Metropolitan Bank and Trust Co. in midMay 2003, Cleveland became Sky Bank's eighth operating region. Metropolitan was a $1.3 billion financial institution with 23 offices in the Cleveland area.
Five months later, Sky Financial Group acquired Mentor-based GLB Bancorp Inc. and merged GLB's wholly owned subsidiary, Great Lakes Bank, into Sky Bank. This gave Sky an additional $209 million in assets and 13 full-service offices in the Cleveland market. Great Lakes Bank converted to Sky Bank's name, products and operating systems in December 2003.
Last month, Sky Financial Group announced plans for the second quarter 2004 acquisition of Warren-based Second Bancorp and its wholly owned subsidiaries, including Second National Bank, pending regulatory and shareholder approval. Second National is a $2.1 billion bank that operates 33 full-service branches and six loan production offices in nine Northeastern Ohio counties.
"These acquisitions have given us a great opportunity to work in a much larger market to grow our franchise," Hollington says.
"The response that we've gotten from the community has been very supportive."
Hollington left the management-consulting firm McKinsey & Co. in 1996 to join The Ohio Bank, a predecessor of Sky Bank. Between 1996...