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Horizon Bancorp (HBNC) in Michigan City, Ind., has agreed to buy SCB Bancorp (SCB) in East Lansing, Mich.
November 13 -
Consolidation is needed to help the economy because there are too many banks, argues the author, a longtime bank investor. Many parties benefit from deals, and any return for the seller is better than producing poor results or being seized by regulators.
August 9 -
The Troy, Mich., bank's agreement to buy the four remaining bank units of Capitol Bancorp in a bankruptcy auction would strengthen its Midwestern profile, but it has to accept two far-flung units and navigate some tricky regulatory issues to get the deal done.
October 15
Horizon Bancorp (HBNC) in Michigan City, Ind., has named a new chief financial officer and made two other executive promotions.
Mark Secor has been promoted to CFO, the $1.8 billion-asset company announced Thursday. In addition, Kathie DeRuiter has been named senior operations officer and Dave Rose senior retail banking officer.
All three will assume their new roles Jan.1. Horizon did not immediately respond to requests for information on who previously held the roles.
The three "are an integral part of Horizon's senior management team and have been key drivers to Horizon's success," Chief Executive Craig Dwight said in the news release. "Their expanded authorities and responsibilities will ensure continued commitment to excellence and profitable growth."
Secor joined Horizon in 2007 and had been its chief investment and chief accounting officer. DeRuiter joined in 1998 and had been a senior vice president in operations. Rose joined the company in 1980 and has been a senior operations officer and a regional president.
Last month, Horizon agreed to pay about $18.4 million to
