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Stock Market & Financial Investment News

News Breaks
April 3, 2014
09:50 EDTHBNCHorizon Bancorp announces closing of SCB Bancorp merger
Horizon Bancorp announces the completion of the acquisition of SCB Bancorp and its wholly-owned subsidiary, Summit Community Bank, effective April 3 through the merger that was initially announced in November of 2013. Pursuant to the merger, SCB was merged into Horizon and simultaneously Summit Community Bank was merged into Horizon Bank, N.A. As previously announced, the banks will operate under the name Horizon Bank. Horizon determined from its original due diligence not to retain Summitís residential mortgage lending team known as the Home Loan Center. As a result, that business unit is being discontinued. This decision was based on the cost structure and fixed overhead of the business unit.
News For HBNC From The Last 14 Days
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October 22, 2014
17:05 EDTHBNCHorizon Bancorp reports Q3 ex-items EPS 52c, consensus 54c
The company reported Q3 tangible book value per share of $15.75. Q3 Tier 1 capital to average assets ratio was 8.63%, and Tier 1 capital to risk weighted assets was 12.13%. The provision for loan losses was $1.7M for Q3.

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