# Horizon Bancorp Horizon Bancorp is an Asset Manager based in Michigan City, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Michigan City, United States - **Region:** North America - **Address:** Michigan City, IN, United States - **Founded:** 1873 - **Assets under management:** Undisclosed - **Website:** horizonbank.com - **LinkedIn:** https://www.linkedin.com/company/horizon-bank_3 ## Regulatory record - **Reports private funds:** No ## About Horizon Bancorp traces its lineage to 1873, when First National Bank of Michigan City opened its doors — making it one of the oldest continuously operating financial institutions in Indiana. Thomas Prame, who assumed the CEO and President roles in 2021, now oversees a publicly traded bank holding company (NASDAQ: HBNC) that has grown through disciplined acquisition and organic commercial lending. The firm's wealth-origin story is institutional, not familial: it is a community bank that scaled into a $7.9 billion-asset regional force. The bank operates through its subsidiary Horizon Bank, originating commercial and industrial loans, commercial real estate, mortgage warehouse lending, and consumer credit. Its portfolio is anchored in CRE and C&I lending, with a particularly concentrated footprint in Northern Indiana, suburban Chicago, and Southern Michigan. In 2024, Horizon completed the consolidation of its subsidiary bank charters under a single Horizon Bank entity — a structural simplification that reduced regulatory overhead and unified its lending operations (per HBNC 10-K, 2024). Direct co-investment and fund-of-fund structures are not part of the model: the bank's deployment is traditional balance-sheet lending, funded by a $5.9 billion deposit base and wholesale borrowings. As of year-end 2024, Horizon reports 558 full-time-equivalent professionals across its footprint. The firm maintains a wealth management and trust division, Horizon Trust & Investment Management, which provides fiduciary and advisory services alongside its core banking operations. In 2023, Horizon acquired Salin Bank, adding approximately $950 million in assets and entrenching its Indiana and Michigan presence (per HBNC investor materials, 2023). The firm does not maintain philanthropic foundations or club-deal vehicles as separate entities; its capital deployment runs entirely through the subsidiary bank's lending and treasury functions. Horizon's structural differentiator is its charter consolidation strategy in an industry still fragmented among thousands of sub-$10 billion community banks. By collapsing separate charters into one operating entity, the firm reduced duplicate compliance infrastructure while retaining local-market lending authority — a path that peers often delay due to legacy technology constraints. The architecture now positions Horizon to digest acquisitions more efficiently than comparably sized banks still running multiple charters, and to deploy its single underwriting model across its three-state Midwestern corridor. ## Sectors - Banking & Financial Services - Private Credit - Real Estate ## People - Thomas M. Prame — Chief Executive Officer and President - Mark E. Secor — Executive Vice President and Chief Financial Officer ## Questions ### How does Horizon Bancorp generate its revenue, and what is its primary lending mix? Horizon generates the overwhelming majority of its revenue through net interest income from its loan portfolio, which is dominated by commercial real estate and commercial & industrial loans. The firm also originates residential mortgages and consumer loans, though commercial lending drives balance-sheet growth. A wealth management and trust division provides fee-based fiduciary income as a secondary but stable contributor. ### What is Horizon's geographic footprint, and where are its deposit concentrations? The bank operates across Indiana, Michigan, and Ohio, with the heaviest branch and loan concentrations in Northern Indiana — particularly around its Michigan City headquarters — and in suburban Chicago and Southern Michigan. Deposits are geographically aligned with this footprint, sourced through its retail and commercial branch network and treasury management relationships. ### How is Horizon Bancorp structured — is it a single entity or a multi-charter bank holding company? Historically, Horizon Bancorp operated multiple subsidiary bank charters. In March 2024, the firm consolidated all subsidiary charters under a single Horizon Bank entity, simplifying its regulatory structure. The holding company (Horizon Bancorp, Inc., NASDAQ: HBNC) sits above the bank and trust subsidiary. ### Has Horizon made any recent acquisitions, and what is its integration strategy? Yes — in 2023, Horizon acquired Salin Bank, a transaction that added approximately $950 million in assets and deepened its Indiana and Michigan presence. The integration strategy relies on absorbing acquired charters into Horizon's single-bank structure and unifying the lending technology stack, which the 2024 charter consolidation was designed to accelerate. ### Does Horizon participate in co-investments, private equity, or venture-style direct deals? No. Horizon operates as a traditional community bank and does not engage in private equity, venture capital, or co-investment club structures. Its deployment is limited to balance-sheet lending — commercial loans, mortgages, and consumer credit — funded by deposits and borrowings. The firm has no disclosed direct-investment vehicle or fund-of-funds program. ### What is Horizon's publicly disclosed approach to wealth management and trust services? Horizon Trust & Investment Management operates as a division of Horizon Bank, providing personal trust administration, estate settlement, investment management, and retirement plan services. It is a fiduciary business embedded within the bank's charter, not a separately capitalized entity, and its clients are primarily retail and commercial trust relationships within the bank's three-state footprint. ## Related profiles - [Eton Pharmaceuticals](https://altss.com/profile/eton-pharmaceuticals-inc) - [Bowhead Specialty Holdings](https://altss.com/profile/bowhead-specialty-holdings-inc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/horizon-bancorp-inc-in Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology