Horizon Bank acquires 1st Mortgage of Indiana, to add Carmel location

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Staff report

Horizon Bancorp, the parent company of Horizon Bank, announced it has acquired 1st Mortgage of Indiana effective Feb. 28. As previously announced, 1st Mortgage of Indiana will operate under the name of Horizon Bank.

Located in Indianapolis, 1st Mortgage of Indiana is a mortgage lender specializing in conventional, Jumbo, FHA and VA Mortgage loans. Founded in 1994, 1st Mortgage of Indiana offers mortgage services to the greater Indianapolis market area from their single location at 9292 N. Meridian St.

To complement this new market presence, Horizon is poised to open a new office in Carmel in late 2014 and recently opened a full-service office in downtown Indianapolis at the corner of New York and Alabama Streets.

Horizon Bancorp is a community bank holding company headquartered in Michigan City, Ind., with total assets of $1.7 billion as of December 31, 2013.  Horizon Bancorp’s wholly-owned subsidiary, Horizon Bank, still operates under its original charter, dating back to 1873, with a footprint of twenty-nine offices extending throughout northern and central Indiana as well as southwestern Michigan.

“We are very pleased with the cooperation and teamwork demonstrated throughout the transaction process that has moved very quickly,” said James D. Neff, Horizon’s Executive Vice President.  “This merger provides an excellent addition to our growing footprint and commitment to Central Indiana. We believe our shared philosophies of exceptional customer service will also result in a strong shared culture that will serve us well, long into the future.”

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