Horizon Bancorp, Inc. rings NASDAQ opening bell, celebrates as largest bank headquartered in Northwest Indiana
Michigan City, Indiana (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. rang the NASDAQ Opening Bell in Times Square, New York at 9:30 am EDT today, Monday August 5, 2019.
Craig Dwight, Horizon’s Chairman and Chief Executive Officer, along with current and past executive leadership participated in the opening bell ringing ceremony. The ceremony celebrated 146 years in business and reaching over $5 billion in total bank assets by the end of the second quarter of this year – a new milestone for the company. In addition, Horizon’s trust department exceeded $2.5 billion in assets under management.
Horizon’s first day of trading on NASDAQ was December 20, 2001. “I remember that time well. On that first day HBNC’s total volume was 16,000 shares, and the closing price was $2.73 per share. Since that time Horizon Bancorp’s total shareholder return exceeds 615% . We have created shareholder value,” stated Craig Dwight as he reflected on Horizon’s success during the ceremony.
Horizon Bancorp Inc., the parent company of Horizon Bank, is headquartered in Michigan City, Indiana and is the largest bank with headquarters rooted in Northwest Indiana as defined by the counties of LaPorte, Porter and Lake. “While we are proud of our growth, we are equally proud to call Northwest Indiana our home since the very beginning. While other larger banks continue to move out of the area, we are here to stay and are extremely pleased to have the distinction of being the largest bank headquartered in Northwest Indiana,” continued Dwight.
The $5 billion milestone for the company represents a double digit compounded annual growth rate of 12.63% from assets of $531 million at year-end 2000. During this time frame the bank has completed 14 bank acquisitions and expanded into 11 new markets by hiring local, seasoned bankers to join the company.
“Horizon’s ongoing success could not be accomplished without the hard work of our entire team, which is now well over 800 advisors in 76 offices throughout the states of Indiana and Michigan,” stated Craig Dwight. “This success is based on simple philosophy of people first and treating everyone with respect, dignity and fairness,” continued Dwight.
About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southwest, central and the Great Lakes Bay regions of 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.