Horizon Bancorp, Inc. Announces Consumer and Business Sale

MICHIGAN CITY, Indiana, Jan. 26, 2022 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced various changes to its management structure and made several senior management promotions and appointments for retail and business banking, effective April 1, 2022.

Noe S. Najera will be promoted to Executive Vice President, responsible for Consumer, Mortgage and Mortgage Loans, as well as ARC Programs and Fair Lending, leading these teams upon the retirement of Chairman James D. Neff of the company and its wholly owned subsidiary. Horizon Bank subsidiary on March 31.

Additionally, Executive Vice President Lynn Kerber will be promoted to Chief Commercial Banking Officer upon the appointment of Dennis Kuhn as Horizon Regional President for Southwest Michigan.

On January 24, 2022, James D. Neff, Chairman of the Company and its wholly owned subsidiary, Horizon Bank, informed the Company of his intention to retire from his role effective March 31, 2022. “With the distinguished career Jim’s banking career of nearly 44 years and more than two decades on our leadership team, Horizon has benefited greatly from his significant contributions, and we look forward to his continued friendship as we wish him the best in his retirement,” said Craig M. Dwight, President and CEO. noted. “By appointing Noe, Lynn and Dennis to their new roles, we are able to tap into Horizon’s group of highly experienced bankers to ensure that all of our talented advisors have the leadership and resources they need to serve a growing number of consumers and businesses in Indiana, Michigan and throughout the Midwest.

Noe Najera joined Horizon in 2016 and served as Senior Vice President, Consumer Lending and ARC/Fair Lending, and took on additional responsibilities for Retail Mortgages in 2018. He has over 20 years of experience in consumer lending and mortgages. Previously, Noe played professional baseball for five years with the Cleveland Indians and Cincinnati Reds. He received his bachelor’s degree from Indiana University at South Bend and attended Cypress College and North Carolina State University as a scholarship athlete. Noe is a volunteer mentor for Junior Achievement at Purdue Northwest, Unity Foundation of La Porte County, and a member of Horizon’s Diversity Business Council, Mortgage Bankers Association and Michigan Bankers Association.

Lynn Kerber joined Horizon in 2018 and has served as Executive Vice President, Senior Commercial Credit Officer since January 2021. Previously in her career, Lynn held leadership roles in commercial banking, credit administration and Enterprise Risk Management, after serving as Executive Vice President. , regional bank president and executive vice president and chief risk officer of Chemical Financial Corporation. She holds an MBA and BA from Western Michigan University and also completed the Stonier Graduate School banking program at the University of Pennsylvania. Lynn has been active in community and professional organizations throughout her career and currently serves on the South Haven Public School District School Board as Treasurer and Chair of the Finance Committee.

Dennis Kuhn, in his new role as Regional President, will be responsible for growth in Southwest Michigan, where he has built strong business and community relationships during his 37-year career. He joined Horizon in 2010 to establish its Kalamazoo office and has served as Executive Vice President and Chief Commercial Banking Officer since 2017. Previously, Dennis was an executive in the Southwest and Central regions of the state. with Portage Commerce Bank, Michigan National Bank and First of Bank of America. He earned his BS degree from Oregon State University. Dennis is currently a board member and treasurer of the Michigan City Economic Development Corporation, and has been active in numerous community and nonprofit organizations throughout his career.

Craig M. Dwight, chairman and chief executive officer of the company and Horizon Bank, will assume the role of chairman upon Mr. Neff’s retirement until a new chairman of the company and of ‘Horizon Bank be named. The Company intends to retain the services of an executive search firm to conduct a national search for a permanent successor to Mr. Neff as President and advise the Board of Directors on potential internal and external candidates. .

About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.4 billion asset banking holding company of Horizon Bank, which serves clients in diverse and economically attractive markets across the Midwest through digital tools and hands-on virtual locations, as well as at its Indiana and Michigan branches. Horizon’s retail offerings include prime residential loans, indirect auto loans and other consumer secured loans to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a full range of business banking and cash management services in the market, with commercial loans accounting for more than half of total loans. More information about Horizon, headquartered in Michigan City, Northwest Indiana, is available at horizonbank.com and investor.horizonbank.com.

Forward-looking statements

This press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The statements in this press release should be considered in conjunction with other information available about Horizon, including including information contained in our filings with the Securities and Exchange Commission. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. Forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have attempted, where possible, to identify these statements by using words such as “anticipate”, “estimate”, “project”, “intend”, “plan”, “believe”, ” want” and similar expressions in connection with any discussion of future operating or financial performance.

Although management believes that the expectations reflected in these forward-looking statements are reasonable, actual results may differ materially from those expressed or implied by these statements. The risks and uncertainties that could cause actual results to differ materially include the banking industry risk factors and other factors detailed from time to time in Horizon’s reports filed with the Securities and Exchange Commission, including those described in Horizon’s Annual Report on Form 10–K and its Quarterly Reports on Form 10–Q. In addition, statements regarding the effects of the COVID-19 pandemic on our business, operations, financial performance and outlook may constitute forward-looking statements and are subject to the risk that actual impacts may differ, possibly materially, of what is reflected in these forward-looking statements due to factors and future developments that are uncertain, unpredictable and, in many cases, beyond our control, including the extent and duration of the pandemic, actions taken by government authorities in response to the pandemic and the direct and indirect consequences the impact of the pandemic on our customers, third parties and us. Undue reliance should not be placed on forward-looking statements, which speak only as of the date hereof. Horizon does not undertake, and specifically disclaims any obligation, to release the result of any revisions that may be made to update any forward-looking statement to reflect events or circumstances after the date the forward-looking statement is made, or reflect the occurrence of unforeseen events, except to the extent required by law.

Contact:
Craig Dwight, President and CEO
Phone: (219) 873-2725
Fax: (219) 873-9280

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