The Bank's deposits products include noninterest-bearing demand deposits, interest bearing demand deposits, savings deposits, money market and time deposits. Its loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. (NASDAQ GS: HBNC) (Horizon), has entered into a definitive purchase. Its wholly owned subsidiary, Horizon Risk Management, Inc., is a captive insurance company. MICHIGAN CITY, Ind., (GLOBE NEWSWIRE) - Horizon Bank, a wholly owned subsidiary of Horizon Bancorp, Inc. The Bank maintains approximately 71 full-service offices. The Bank is a full-service commercial bank that offers a range of commercial and retail banking and other services incident to banking along with a trust department that offers corporate and individual trust and agency services and investment management services. The Company operates through the commercial banking segment. The Company provides a range of banking services in northern and central Indiana and southern and central Michigan through its subsidiary, Horizon Bank (the Bank) and Horizon Risk Management, Inc. Horizon Bancorp may be reached online at Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC. Horizon also offers mortgage-banking services throughout the Midwest. "I am excited to launch this new name as a spring board to re-introduce our talented team of Advisors as well as serving as a catalyst to create connections with wealth specialists throughout the communities we serve," continued Richards.Ĭelebrating 150 years, Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Indiana and Michigan through its commercial banking subsidiary Horizon Bank. Acting as fiduciaries, Horizon's Wealth Advisors prioritize the interests of their clients and partner to achieve their financial and estate goals. As a division of a local, community bank, Horizon's Private Wealth Management is in a unique position to be hands on with clients, and their tax and estate advisors, throughout the communities they serve. Horizon Bank is celebrating its 150 th year with over 70 locations stretching throughout Indiana and Michigan. Our team of Advisors take a consultative approach to tailor personalized financial guidance leveraging a broad range of services - such as investment advice, trust & estate administration, and retirement planning - designed to meet the complex needs of our clients," stated John Richards, President of Horizon's Private Wealth Management division. "By expanding the name to Private Wealth Management, our goal is to ensure current and prospective clients understand we offer a wide range of investment advisory services to manage their wealth. Effective July 1, 2023, the name will change to Horizon Private Wealth Management - A Division of Horizon Bank. Michigan City, IN - Horizon Bank announced their division, Horizon Trust & Investment Management, is taking on a new name.
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