M&A Deal Summary

Horizon Bank Acquires American Trust & Savings Bank Of Whiting

On December 29, 2009, Horizon Bank acquired financial services company American Trust & Savings Bank Of Whiting

Acquisition Highlights
  • This is Horizon Bank’s 1st transaction in the Financial Services sector.
  • This is Horizon Bank’s 1st transaction in the United States.
  • This is Horizon Bank’s 1st transaction in Indiana.

M&A Deal Summary
Date 2009-12-29
Target American Trust & Savings Bank Of Whiting
Sector Financial Services
Buyer(s) Horizon Bank
Deal Type Add-on Acquisition
Advisor(s) Renninger & Associates (Financial)
Faegre Baker Daniels LLP (Legal)

Target

American Trust & Savings Bank Of Whiting

Whiting, Indiana, United States
American Trust & Savings Bank is family-owned, founded in 1920, and currently operates four offices in Whiting, Hammond, Crown Point and Porter, Indiana. At September 30, 2009, American had total assets of $122 million.

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Buyer(S) 1

Buyer

Horizon Bank

Michigan, Indiana, United States
Category Company
Founded 1873
Sector Financial Services
Employees818
Revenue 183M USD (2023)
DESCRIPTION

Horizon Bank is a locally owned, independent, commercial bank holding company serving northern and central Indiana and southwest and central Michigan through its commercial banking subsidiary Horizon Bank, NA. Horizon also offers mortgage banking services throughout the Midwest. Horizon Bank was founded in 1873 and is based in Michigan City, Indiana.

DEAL STATS #
Overall 1 of 8
Sector (Financial Services) 1 of 8
Type (Add-on Acquisition) 1 of 6
State (Indiana) 1 of 7
Country (United States) 1 of 8
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-10 Heartland Bancshares

Franklin, Indiana, United States

Heartland Community Bank is a provider of banking services and products. Company has reported total assets of approximately $246.0 million, total deposits of approximately $217.9 million and total loans of approximately $137.7 million on December 31, 2011 (all amounts are unaudited).

Buy $14M
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Legal