Posted by: Southsider2k12 Oct 17 2017, 03:14 PM
http://www.nwitimes.com/business/local/horizon-bank-closes-on-purchase-of-wolverine-bank/article_4d74509e-dd06-5425-aa2d-d595cebbb2f2.html?utm_content=buffer7e6b6&utm_medium=social&utm_source=facebook.com&utm_campaign=LEEDCC#tncms-source=home-top-story-1
QUOTE
Horizon Bank has closed on a deal to buy Michigan-based Wolverine Bank for an estimated $88.9 million, expanding its reach into metro Detroit and further into northern Michigan.
Michigan City-based Horizon Bank acquired the smaller regional bank of $379.3 million, and is rebranding its four branches, including a Detroit-area loan origination center, under the Horizon name.
“This merger allows Horizon to extend our reach into Michigan while remaining true to our values as we partner with this like-minded institution,” Horizon Chairman and Chief Executive Officer Craig M. Dwight said. “Wolverine Bank’s foundation is to contribute to the success of their customers by offering creative financial solutions based upon sound financial advice while being mindful of the communities they serve. This stems from their goal to preserve the values of community banking. We expect that our complementary product offerings and commitment to the local communities will result in success for the shareholders of the combined company, employees, customers and communities at large.”