Horizon Bancorp Named Top 200 Community Bank

July 7, 2009 02:40 PM

Michigan City, Indiana - Horizon Bancorp was nationally recognized as one of the top 200 community banks by US Banker magazine in its June, 2009 edition.  This ranking, compiled by using data from the SNL Financial LC, includes publicly traded banks and thrifts with $2 billion or less in assets along with some private companies that file with the SEC. 

Horizon Bancorp, ranked #108 on the list, earned this recognition as being one of the nations top community banks based upon its 3-year average Return on Equity (ROE) for the three 3 years ending December 2006, 2007 and 2008.  This is the second consecutive year Horizon has been recognized for this performance by US Banker magazine.

According to the articles author, Alan Kline, of US Banker stated, "It wasn't long ago that banks in slow-growth states were seen as laggards because they couldn't keep pace with their counterparts in go-go markets like Florida, Arizona and Nevada.  But the real estate collapse has left many banks in those once-thriving markets severely hobbled, and now banks in areas that never quite boomed, and therefore, never went bust, are emerging as the industry's stars."

Craig M. Dwight, President and Chief Executive Officer stated, "Horizon is pleased to be recognized as a top-performing community bank.  We have a tremendous team committed to building long-term relationships with our customers, communities, employees and shareholders who make this recognition possible. I'm proud of our team and know that we will continue to strive towards achieving this recognition in the years ahead."

Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Northern Indiana and Southwest Michigan.  Horizon also offers mortgage-banking services throughout the Midwest. Horizon Bancorp may be reached on the World Wide Web at www.accesshorizon.com.  Its common stock is traded on the NASDAQ Global Market under the symbol HBNC.