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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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May 26, 2015
17:17 EDTHBNCHorizon Bancorp and Peoples Bancorp receive merger approval
Horizon Bancorp and Peoples Bancorp announced that the Office of the Comptroller of Currency and the Federal Reserve Board have approved the proposed merger of Peoples with and into Horizon and the related merger of Peoplesí wholly-owned subsidiary, Peoples Federal Savings Bank of DeKalb County, with and into Horizonís wholly-owned bank subsidiary, Horizon Bank. The merger remains subject to approval by Peoplesí and Horizonís shareholders as well as the satisfaction of various other closing conditions. Additionally, Horizon today announced that it now plans to hold its 2015 Annual Meeting of Shareholders on June 30. Peoples also announced that it will hold its special meeting of shareholders to approve the merger on Tuesday, June 30.

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