Horizon Bancorp Awarded Raymond James Community Bankers Cup for Second Year in a Row
April 10, 2014 10:49 AM
For the second year in a row, Horizon Bancorp has been recognized with the Raymond James Community Bankers Cup. The award is given by Raymond James & Associates — a leading investment banking and financial advisory firm — to only the top 10 percent of U.S. community banks.
To receive the award, community banks must meet key criteria across several standards for profitability, operational efficiency, and balance sheet metrics. One-, three-, and five-year stock performances are also measured. More than 300 exchange-traded banks with assets between $500 million and $10 billion are considered each year.
Horizon Bancorp Chairman and CEO Craig M. Dwight said,“We’re proud to receive this recognition in the two years since its inception. Horizon has consistently performed well in Raymond James analysis, and that performance comes from our commitment to sound financial practices. Their endorsement is the result of the high ethical standards and hard work demonstrated on a daily basis by each and every one of our team members.”
Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Northern and Central Indiana and Southern Michigan through its commercial banking subsidiary Horizon Bank, NA. Horizon also offers mortgage-banking services throughout the Midwest. Horizon Bancorp may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Market under the symbol HBNC.
Statements in this press release which express “belief,” “intention,” “expectation,” and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by, and information currently available to, such management. Such statements are inherently uncertain and there can be no assurance that the underlying assumptions will prove to be accurate. Actual results could differ materially from those contemplated by the forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
# # #
Contact: Holly M. Schoof
Phone: (219) 874-9243
Fax: (219) 874-9379