A lot of things make a bank special. It could be their commitment to their community, even their wonderful online services or their great interest rates. Sky Bank is one of the best banks in the Midwest, United States. They do a grand job at all the things that a brilliant bank should be. The Sky Bank online service is very helpful to their customers. They serve Ohio, Michigan, Pennsylvania, Indiana and West Virginia making Sky Bank’s locations convenient to all who live in these regions. 

Sky Bank online banking is very accommodating. Almost all of the things that can be done at a Sky Bank branch can be done online as well. For example, if you have a Sky Bank student loan, you can check your loan’s status on the Sky Bank web site. The procedure for doing that is very easy and quick. It saves a lot of your time if just check it from home. You only need to know your account number. Just go to the home page for Sky Bank and log into your account. After you have logged into the Sky Bank home page, you are ready to check your account information. Any accounts or facility of Sky Bank that you are using, you can easily see information for them. 

Sky Bank is the largest subsidiary of Sky Financial Group, Inc. The Sky Financial Group, Inc. acquired First Western Bancorp, New Castle. In the year 2003 Sky Bank expanded its business in the Cleveland area by merging with Metropolitan Bank and Trust Co. of Cleveland. This has given great expansion to Sky Bank’s business. The Metropolitan Bank had assets worth 1.3 billion dollars. The bank also had 24 branches in the Cleveland Area giving sky bank an edge in this area. During the same year sky bank also expanded in the Pittsburg Region. This expansion was undertaken through the acquisition of Three Rivers Bancorp which is the 10th largest bank in the Pittsburg area. 

Sky bank benefited largely through both of these acquisitions. In the case of its Western Pennsylvania branches it has become the 4th largest bank. Sky bank has a large portion of shares in North Side Deposit Bank. After both, the merger and the acquisition, sky bank’s assets rose to 12.7 billion dollars. The number of its branches also rose to 250 in Ohio, Pennsylvania, Indiana, West Virginia, and Michigan. Every bank’s history involves mergers and acquisitions. The reasons for this can be many. It can be that the organization does not have enough resources to carry on its businesses so either they go bankrupt or some other organization purchases it. Through these purchases the purchasing organization gets to enjoy the benefits that the purchased company had. Sometimes to or more organizations are at a position where they cannot function alone well. So they decide to merge into each other and reap the benefits together. Taking to the case of sky bank’s acquisition of metropolitan bank, the sky bank got expansion in Cleveland where otherwise it would have taken them long to build infrastructure and also in building reputation. Sky bank started its operations in Pittsburg in the year 2001. 

Since then they only had 25 branches in the Pittsburg region. But over the years, the competition in the region increased. So to fight the competition and also to increase its existence in the Pittsburg region, sky bank planned to build five more branches in the region. That would mean a twenty percent increase in the bank offices thus creating more job openings in the region.