Thomas H. Edwards to Retire as President and Chief Credit Officer of Horizon Bank and appointment of Dennis J. Kuhn, as Execu...
July 18 2017 - 6:30PM
Horizon Bancorp (NASDAQ:HBNC) announced Thomas H. Edwards, will
retire as President and Chief Credit Officer of Horizon Bank
(“Horizon Bank”) and Executive Vice President of Horizon Bancorp
(and together with Horizon Bank, “Horizon”) on December 31, 2017.
Mr. Edwards has served as the Bank’s President & Chief Credit
Officer since December 17, 2002 and as an Executive Vice President
of the holding company since May 17, 1999. Mr. Edwards’
primary responsibilities were oversight of commercial credit
underwriting, allowance for loan and lease loss reserves, treasury
management and wealth and investment management.
“Mr. Edwards has provided leadership, guidance and inspiration
throughout his years with Horizon, generously giving of his time
and expertise to the company and the community,” said Craig M.
Dwight, Chairman and CEO of Horizon Bancorp. “As President and
Chief Credit Officer, he presided over a period of unprecedented
growth and successfully guided Horizon through the great
recession. We wish to thank Mr. Edwards for his years of
service and to wish him the best in his retirement
years.”
Effective October 1, 2017, Horizon will appoint Dennis J. Kuhn
as Mr. Edwards’ successor. The transition of responsibilities
to Mr. Kuhn will occur over the next six months. Mr. Kuhn
joined Horizon Bank in May 2010 to establish its first full-service
office in Kalamazoo, Michigan. Since 2010, Mr. Kuhn has
successfully led Horizon’s growth efforts in Michigan and
Northeast, Indiana. Mr. Kuhn started his banking career in
1985 with First of America Bank in Lansing, Michigan.
Following formal commercial credit training, he moved to the First
of America affiliate in La Porte, Indiana, where he worked as a
commercial loan officer for Mr. Edwards. Mr. Kuhn rose
through the ranks at First of America to become a Vice President
and Group Commercial Loan Manager, before departing in 1995 to join
Michigan National Bank as their market president for Kalamazoo,
Michigan. In 2000, Mr. Kuhn was appointed President and CEO
of Portage Commerce Bank, Portage, Michigan, an affiliate of
Capitol Bancorp. Ltd. Mr. Kuhn has managed successfully
through multiple recessions and has a similar credit philosophy as
Mr. Edwards.
Mr. Dwight commented, “Horizon is fortunate to have a person of
Mr. Kuhn’s caliber, who is well known to us and has a shared credit
philosophy. In addition, Mr. Edwards retirement date at
year-end provides for a seamless transition.”
About Horizon BancorpHorizon Bancorp is an
independent, commercial bank holding company serving northern and
central Indiana, southwest and central Michigan, and central Ohio
through its commercial banking subsidiary Horizon Bank.
Horizon also offers mortgage-banking services throughout the
Midwest. Horizon may be reached online at
www.horizonbank.com. Its common stock is traded on the NASDAQ
Global Select Market under the symbol HBNC.
Forward Looking Statements
This press release may contain forward-looking
statements regarding the financial performance, business prospects,
growth and operating strategies of Horizon. For these
statements, Horizon claims the protections of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Statements in this press
release should be considered in conjunction with the other
information available about Horizon, including the information in
the filings we make with the Securities and Exchange Commission.
Forward-looking statements provide current expectations or
forecasts of future events and are not guarantees of future
performance. The forward-looking statements are based on
management’s expectations and are subject to a number of risks and
uncertainties. We have tried, wherever possible, to identify
such statements by using words such as “anticipate,” “estimate,”
“project,” “intend,” “plan,” “believe,” “will” and similar
expressions in connection with any discussion of future operating
or financial performance.
Although management believes that the
expectations reflected in such forward-looking statements are
reasonable, actual results may differ materially from those
expressed or implied in such statements. Risks and
uncertainties that could cause actual results to differ materially
include risk factors relating to the banking industry and the other
factors detailed from time to time in Horizon’s reports filed with
the Securities and Exchange Commission, including those described
in its Form 10-K. Undue reliance should not be placed on the
forward-looking statements, which speak only as of the date hereof.
Horizon does not undertake, and specifically disclaims any
obligation, to publicly release the result of any revisions that
may be made to update any forward-looking statement to reflect the
events or circumstances after the date on which the forward-looking
statement is made, or reflect the occurrence of unanticipated
events, except to the extent required by law.
Contact:
Horizon Bancorp
Mark E. Secor
Executive Vice President & Chief Financial Officer
(219) 873-2611
Fax: (219) 874-9280
Horizon Bancorp (NASDAQ:HBNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Horizon Bancorp (NASDAQ:HBNC)
Historical Stock Chart
From Apr 2023 to Apr 2024