Horizon Bank Welcomes John Richards as Successor to Rachel Saxon as President and Senior Trust Officer

Michigan City, Indiana – Lynn Kerber, Horizon Banks, Executive Vice President, Chief Commercial Banking Officer is pleased to announce John Richards has been named as President and Senior Trust Officer of Horizon’s Trust and Investment Management Department (HTIM).

Richards comes to Horizon with over 30 years of deep experience in wealth management including trust, investment, brokerage, sales and private banking. He has worked at several large institutions throughout his career and is known for his proactive management style while managing teams. John will be responsible for supervising the wealth management leadership team, and monitoring risk management activities.

Richards holds a Bachelors’ Degree in Economics from University of Michigan as well as attended Cannon Trust School, is a Certified Financial Planner, and has obtained the following licenses: Series 7, 24, 63, 53 life and Disability, Variable Annuity.

“We are delighted to welcome John and look forward to his contributions to Horizon’s Trust and Investment services. He is a seasoned wealth management expert and his desire to bring strategic ideas for cross partnering and growth opportunities is a great fit for Horizon,” stated Kerber.

Saxon began her banking career with Horizon upon graduation from Purdue University in 1988 and has served Horizon in the capacity of Finance Officer, Deposit Operations Officer, Senior Auditor, and Senior Vice President of Horizon’s Trust and Investment Management Department and most recently as it’s President.

After 15 years as President and Senior Trust Officer of Horizon Trust & Investment Management she has decided to step down from President and pursue another opportunity within the bank as Vice President, Internal Audit Manager. In this new role she will be responsible for the management of the Internal Audit personnel, processes, reporting and vendor relationships.

“I have been in Horizon’s Trust and Investment Management for 22 of my 33 years with Horizon, with the past 14 years being in the President position. I have thoroughly enjoyed it and have greatly benefited from working with my team and our clients. However, as I assess how I want to spend the remaining years of my career I have determined that it is time to let someone else take the reins and lead the business unit to the next level. I look forward to staying with Horizon in my new role,” stated Saxon.

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. is an independent, commercial bank holding company serving Indiana and Michigan through its commercial banking subsidiary, Horizon Bank. Horizon Bancorp, Inc. may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.

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Contact:  Amy Phares
Public Relations Manager
Phone: (219) 874-9208