Horizon Bank Completes Merger
MICHIGAN CITY - Michigan City-based Horizon Bancorp (Nasdaq: HBNC) has announced the completion of its merger with Lafayette Community Bancorp. Horizon says the integration of Lafayette Community Bank into the Horizon Bank brand will take place later this month.
The acquisition will bring four additional bank branches under the Horizon name, bringing Horizon's branch network to 60 offices in Indiana, Michigan and Ohio. The bank says as the integration takes place, customers will see their accounts automatically change to Horizon accounts with no action required on the part of the customer.
"We’re confident customers will be pleased that many of the familiar faces they’ve come to know and trust will remain with Horizon at their local branch, and they will still be completely invested in the Lafayette community," said Craig Dwight, chief executive officer of Horizon. "Teaming up with the experienced banking professionals at Lafayette Community Bank has truly been a pleasure. They are a cohesive group of professionals committed to their customers and the community."
Lafayette Community Bank CEO Bradley Marley says he and others will continue to lead local efforts by establishing a Greater Lafayette Advisory Board "to maintain the pulse of the community."
The deal follows Horizon's previously-announced plans to acquire Michigan-based Wolverine Bancorp Inc. (Nasdaq: WBKC). In its most recent earnings report, Horizon said it expects that deal to close early in fourth quarter 2017.