M&A Deal Summary

Horizon Bank Acquires Laporte Bancorp

On July 18, 2016, Horizon Bank acquired financial services company Laporte Bancorp

Acquisition Highlights
  • This is Horizon Bank’s 7th transaction in the Financial Services sector.
  • This is Horizon Bank’s 7th transaction in the United States.
  • This is Horizon Bank’s 6th transaction in Indiana.

M&A Deal Summary
Date 2016-07-18
Target Laporte Bancorp
Sector Financial Services
Buyer(s) Horizon Bank
Deal Type Merger
Advisor(s) Raymond James - Investment Banking (Financial)
Luse Gorman (Legal)

Target

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.

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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 7 of 8
Sector (Financial Services) 7 of 8
Type (Merger) 1 of 1
State (Indiana) 6 of 7
Country (United States) 7 of 8
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 The LaPorte Savings Bank

LaPorte, Indiana, United States

The LaPorte Savings Bank serves northern Indiana with seven full-service banking locations and one loan production office in southwest Michigan.

Buy $94M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 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.

Buy -
Mergr

Product

Company

Legal