AP NEWS

Horizon Bank passes $4B mark in total assets

September 7, 2018

MICHIGAN CITY — Horizon Bank has announced reaching a new milestone, surpassing $4 billion in total assets, which the company says demonstrates its continued growth trajectory and strength in the marketplace.

It’s is the first time in its 145-year history that Horizon Bank has surpassed $4 billion in total assets.

“We are excited to see that our efforts and hard work have paid off for all of Horizon’s stakeholders,” Craig Dwight, chairman and CEO, said in a statement. “This new milestone is a considerable accomplishment and something that we are all extremely proud of achieving.

“This growth helps us to continue on our mission of serving local communities through our outstanding employees, competitive products and services, and to provide donations of time and money that make a real difference in the lives of our customers and the communities we serve.”

Horizon is a company on the move as it continues to make acquisitions throughout its Indiana and Michigan markets, Dwight said. The bank’s acquisition strategy is to partner with “like-minded community banks that have similar values.”

He credits Horizon’s success to profitable, acquisitive and organic growth.

“Our acquisition strategy has proven successful as a result of our outstanding integration team and their ability to conduct smooth conversions of various operating systems and onboarding new associates,” he said. “Horizon’s organic growth continues to exceed expectations due to our seasoned team of core bankers who deliver exceptional service and sensible advice. This two-pronged approach to growth is the driver of Horizon’s continued success.”

Horizon is a prosperous company, he said. “We attribute this prosperity to our talented group of advisors and leadership team who exhibit a remarkable work ethic; support the company’s vision and values; continuously look for new business opportunities and accomplish their goals.”

Horizon Bancorp is a locally owned, independent, commercial bank holding company serving northern and central Indiana, and southwest, central and the Greater Bay Area of Michigan, through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest.

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