Sky Financial Group continued its buying spree Wednesday, saying it would buy hometown rival Wood Bancorp for $59 million of stock.
Wood, parent of First Federal Bank in Bowling Green, has $130 million of assets and seven offices.
The transaction comes on the heels of Sky Financial's announcement this week that it is acquiring First Western Bancorp of New Castle, Pa., for $434 million in stock. Sky Financial-formed in October by the merger of equals of MidAm Inc. and Citizens Bancshares of Salineville, Oh.-has made three deals since last summer.
Sky Financial officials said the Wood acquisition would strengthen the company's presence in northwest Ohio.
The pooling-of-interests transaction is expected to close by June 30, 1999.