Horizon Bank has acquired 14 new branches in 11 counties around Michigan, substantially expanding its retail footprint in the state. More information is below:
Horizon Bank, a wholly owned subsidiary of Horizon Bancorp, Inc. (NASDAQ GS: HBNC) (“Horizon”), announced the completion of its previously announced acquisition of 14 branches in 11 Michigan counties.
The acquisition of the 14 branches and associated deposits and loans from TCF National Bank, now The Huntington National Bank, adds mass and scale to Horizon’s Midland market and extends its footprint into attractive markets in the northern and central regions of Michigan’s Lower Peninsula.
“We are thrilled to welcome our newest employees and customers to Horizon Bank and look forward to serving growing numbers of consumers, small businesses, non-profits, and municipalities through our expanded Midwest footprint and this natural extension of our low-cost deposit franchise,” Chairman and CEO Craig M. Dwight said.
Conversion of the branches began Friday evening, September 17, 2021, and continued through the weekend, with all 14 locations reopening this morning, Monday, September 20, 2021, as Horizon Bank branches. This latest branch transaction is Horizon Bank’s 15th acquisition since 2002 and fifth in the last five years.
Mr. Dwight added, “I’ve been so proud of our entire team as they remain focused on a well-executed integration of these new branches, which include more than 50,000 primarily retail and small business customers accounts.”
Horizon Bank now operates 88 bank branches, including 29 in Michigan, and customers across its diverse and economically attractive Midwestern markets conduct a majority of their transactions through its convenient digital and virtual banking channels.
Customers of the newly acquired branches have received regular communications from Horizon Bank and The Huntington National Bank, and may also visit www.horizonbank.com/welcometcf or call 888-873-2640 for more information.
