Horizon Bancorp (NASDAQ:HBNC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 18, 2017, the Board of Directors of Horizon Bancorp (“Horizon”) announced that Thomas H. Edwards, the President and Chief Credit Officer of Horizon Bank, Horizon’s wholly owned commercial bank subsidiary, will retire at the end of the fiscal year, on December 31, 2017. Mr. Edwards has served as Horizon Bank’s President and Chief Credit Officer since December 17, 2002, and also has served as an Executive Vice President of Horizon since May 17, 1999.
On July 18, 2017, the Board of Directors of Horizon also announced the appointment of Dennis J. Kuhn as Mr. Edwards’ successor, effective October 1, 2017. On that date, Mr. Kuhn will become the Executive Vice President and Chief Commercial Banking Officer of Horizon Bank.
Mr. Kuhn, age 57, currently serves Horizon Bank as the Regional Market President for Michigan and Northeast Indiana, a role he assumed in February of 2014. As the Regional Market President, he serves as the Chair of the Regional Loan Committee and has balance sheet, P&L and asset quality responsibilities for the regions of Michigan and Northeast Indiana. Mr. Kuhn originally joined Horizon Bank in May of 2010 as the Market President for Kalamazoo, Michigan, where he helped Horizon Bank to establish a loan production office and its first full-service branch in that location. Mr. Kuhn’s banking career and experience spans over 30 years, beginning in 1985.
Mr. Kuhn and members of his immediate family have received or applied for residential mortgage loans or home equity lines of credit that were all made in the ordinary course of business, were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to Horizon Bank, and did not involve more than the normal risk of collectability or present other unfavorable features.
Additional details regarding the retirement of Mr. Edwards and the appointment of Mr. Kuhn are contained in a press release attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by this reference.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
Description |
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99.1 |
Press Release, dated July 18, 2017 |
HORIZON BANCORP /IN/ ExhibitEX-99.1 2 hb_8k0718ex.htm PRESS RELEASE Exhibit 99.1 Contact: Mark E. Secor Executive Vice President & Chief Financial Officer Phone: (219) 873-2611 Fax: (219) 874-9280 Date: July 18,…To view the full exhibit click here
About Horizon Bancorp (NASDAQ:HBNC)
Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank), and other affiliated entities and Horizon Risk Management, Inc. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. The Bank’s loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans. The Bank’s investment securities include both securities available for sale and held to maturity. Its deposits include noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits and time deposits. The Bank maintains approximately 54 full service offices.
