For the first time in the 145 year history of Horizon Bank, the institution has surpassed the $4-billion mark in total assets — a new milestone for the bank which serves many across Michigan’s Great Southwest and into Northwest Indiana.
Horizon Bank Chairman & CEO Craig Dwight made the announcement today pointing to the institution’s demonstrated performance and continued growth trajectory coupled with incredible strength in the marketplace.
Noting that it is, in fact, the first time in its 145-year history that Horizon has surpassed $4 billion in total assets, Dwight says, “We are excited to see that our efforts and hard work have paid off for all of Horizon’s stakeholders.” He adds, “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 communities that we serve.”
Dwight, who appears on the right in the photo accompanying this story on Moody on the Market along with (from the left) bank officers Mark Secor and Jim Neff, says Horizon is a company on the move as it continues to make acquisitions throughout its Indiana and Michigan markets. Horizon’s acquisition strategy is to partner with like-minded community banks that have similar values. Dwight credits Horizon’s success to profitable acquisitive and organic growth, saying, “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 on-boarding new associates.”
Dwight continued to address the bank’s strategy, noting, “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 prong approach to growth is the driver of Horizon’s continued success.”
Additionally, Dwight contends, “Horizon is a prosperous company with solid performance,” adding, “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, headquartered just over the state line in Michigan City, Indiana, also offers mortgage-banking services throughout the Midwest. Additional information on Horizon Bancorp can be found online at www.horizonbank.com. The company’s common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
