Horizon Bancorp

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Horizon Bancorp is a bank holding company that operates through its subsidiary, Horizon Bank, which provides a range of financial services to individuals, businesses, and municipalities in Indiana and Michigan. The company was founded in 1873 and is headquartered in Michigan City, Indiana. It is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol HBNC.
Horizon Bank offers a variety of banking and financial services, including checking and savings accounts, mortgage and consumer loans, investment services, and online banking. The bank also provides business and commercial banking services such as cash management, business loans, and treasury management.
As of December 31, 2020, Horizon Bancorp had total assets of $6.1 billion, deposits of $4.8 billion, and loans of $4.5 billion. The company has a strong presence in Indiana and Michigan, with over 60 branch locations in these states.
In addition to its banking services, Horizon Bancorp is committed to giving back to the communities it serves. The company has a charitable foundation, Horizon Cares, which supports various causes and organizations in the areas of education, health and human services, and community development.
Overall, Horizon Bancorp is a reputable financial institution that has been serving its customers for over 140 years and continues to grow and expand its services.

1. Long History: Horizon Bancorp was founded in 1873, making it one of the oldest banks in the Midwest. This long history has enabled the company to establish a strong reputation and build a loyal customer base.
2. Strong Financial Performance: Horizon Bancorp has consistently shown strong financial performance over the years, with steady growth in revenue and profits. This stability has also allowed the company to weather economic downturns and continue to provide banking services to its customers.
3. Community Focus: Horizon Bancorp prides itself on being a community-focused bank, with a strong commitment to supporting the local communities in which it operates. The company actively supports local charities, nonprofits, and other organizations through donations and volunteerism.
4. Diverse Services: The company offers a wide range of financial services, including personal and business banking, mortgage lending, trust and wealth management, and insurance services. This diversity allows Horizon Bancorp to cater to a diverse customer base and meet their unique financial needs.
5. Technology-driven: While maintaining its traditional roots, Horizon Bancorp has also embraced technology to enhance its customer experience. The company offers mobile banking, online banking, and other digital services to provide convenience and efficiency to its customers.
6. Strong Corporate Culture: Horizon Bancorp has a strong corporate culture that emphasizes respect, integrity, and teamwork. The company values its employees and fosters a positive work environment, which translates into better customer service and satisfaction.
7. Acquisitions and Expansion: Horizon Bancorp has a history of acquiring other banks and expanding its operations, which has allowed the company to grow its customer base and geographic reach. This growth strategy has contributed to the company’s success and continued growth.
8. Awards and Recognition: Horizon Bancorp has been recognized for its exceptional performance and community involvement by various organizations and publications. This includes being named one of the Best Banks in America by Forbes magazine and receiving the Indiana Governor’s Half Century Business Award.

Horizon Bancorp is a bank holding company that provides various financial services to individuals and businesses. Their business model is based on three primary segments: commercial banking, retail banking, and mortgage banking.
1. Commercial Banking: Horizon Bancorp’s commercial banking segment provides a range of banking services to small and medium-sized businesses. These services include commercial loans, lines of credit, equipment financing, and working capital loans. They also offer treasury management services, such as merchant card processing, remote deposit capture, and cash management.
2. Retail Banking: This segment offers a variety of personal banking services, including checking and savings accounts, credit cards, and loans. They also provide investment services, such as wealth management and retirement planning, through their bank subsidiary, Horizon Wealth Management.
3. Mortgage Banking: Horizon Bancorp’s mortgage banking segment provides residential mortgage lending services to individuals and businesses. These services include origination, processing, underwriting, and servicing of mortgage loans.
Overall, Horizon Bancorp’s business model is focused on providing a range of financial products and services to its customers in order to generate income through interest and fees. They also seek to expand their customer base through strategic acquisitions and partnerships. This diversified business model helps minimize risk and ensure steady revenue streams for the company.

Horizon Bancorp, Inc., is a financial holding company with its corporate headquarters in Michigan City, Indiana. It was founded in 1873 and currently has over 60 locations across Indiana and Michigan.
Here are some interesting facts about Horizon Bancorp:
1. The bank’s original name was Citizens State Bank, and it was founded in Laporte, Indiana.
2. The bank changed its name to Horizon Bancorp in 1989.
3. Horizon Bancorp is one of the largest locally owned banks in Indiana, with approximately $6.5 billion in assets as of December 31, 2020.
4. The company offers a full range of commercial and retail banking services, including mortgage lending and wealth management services.
5. Horizon Bancorp’s stock is publicly traded on the NASDAQ Global Market under the ticker symbol HBNC.
6. In 2017, the company acquired Wolverine Bancorp, Inc., expanding its presence in Michigan.
7. Horizon Bancorp was named one of the top 200 community banks by American Banker magazine in 2020.
8. The bank has a strong commitment to community involvement and has a community reinvestment program that supports various local organizations and initiatives.
9. Horizon Bancorp is known for its strong corporate culture and was named one of the Best Banks to Work For by American Banker in 2020.
10. In addition to its banking operations, Horizon Bancorp also owns and operates Horizon Risk Management, Inc., an insurance agency.
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