M&A Deal Summary

Horizon Bank Acquires Lafayette Community Bank

On May 23, 2017, Horizon Bank acquired financial services company Lafayette Community Bank

Acquisition Highlights
  • This is Horizon Bank’s 8th transaction in the Financial Services sector.
  • This is Horizon Bank’s 8th transaction in the United States.
  • This is Horizon Bank’s 7th transaction in Indiana.

M&A Deal Summary

Date 2017-05-23
Target Lafayette Community Bank
Sector Financial Services
Buyer(s) Horizon Bank
Deal Type Add-on Acquisition
Advisor(s) Renninger & Associates (Financial)
Amundsen Davis (Legal)

Target

Lafayette Community Bank

Lafayette, Indiana, United States
Lafayette Community Bancorp operates as the bank holding company for Lafayette Community Bank that provides commercial banking services in Tippecanoe County, Indiana. Lafayette Community Bank was founded in 2000 and operates offices throughout Lafayette and West Lafayette, Indiana.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 8 of 8
Sector (Financial Services) 8 of 8
Type (Add-on Acquisition) 6 of 6
State (Indiana) 7 of 7
Country (United States) 8 of 8
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Laporte Bancorp

LaPorte, Indiana, United States

La Porte Savings Bank offers a wide range of services for all individuals, small business, corporations or government entity's. Company offers banking services with seven branch locations serving northeast Indiana and a loan production office in Saint Joseph, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 Summit Community Bank

East Lansing, Michigan, United States

Summit Community Bank is a regional provider of banking services with two branch locations and one mortgage center serving the greater Lansing, Michigan area. Summit Community Bank was formed in 2002 and is based in East Lansing, Michigan.

Sell -