Horizon Bancorp Ranked # 2 for all Midwest Banks
September 5, 2013 03:22 AM
Horizon Bancorp Ranked # 2 for all Midwest Banks - Merion Capital Group’s Most Successful Banks Quarterly (1st Edition)
Horizon Bancorp announced today that it was recognized as # 2 for all Midwest Banks in the Merion Capital Group’s Most Successful Banks Quarterly publication.
Merion Capital Group developed a new “Success Ratio”(1) that represents a new performance metric designed as an optimal measure of a bank’s fundamental success over any time period. This ranking was divided by different regions in the U.S. and ranked banks according to this new ratio.
Craig M. Dwight, Chairman and CEO, commented “Horizon is pleased to receive this recognition from Merion Capital and believe that their analytical approach using a newly formulated “success ratio” to be a fresh and creative concept to financial analyzes. This recognition is a true testament to the dedication and high quality team we have at Horizon.”
Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Northern and Central Indiana and Southwest 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.