The parent company of Michigan City-based Horizon Bank has earned national recognition as one of the country's top community banks.
Florida-based financial services giant Raymond James & Associates named Horizon as being among the top 10 percent of community banks in the United States, in its first Raymond James Community Bankers Cup.
The bankers cup identified the top tier of community banks nationwide after looking at profitability, operational efficiency and balance sheet metrics.
"Horizon is honored to receive this recognition from Raymond James and it's a direct result of the daily efforts put forth by our team of dedicated and loyal employees," said Horizon Bancorp chairman and chief executive officer Craig M. Dwight. "Wonderful people who get things done achieve amazing results."
Raymond James, an investment banking and financial advisory firm, looked at more than 300 community banks nationwide before giving out the award. The pool of potential recipients included all exchange-traded domestic banks with total assets between $500 million and $10 billion by the end of last year, with the exceptions of mutual holding companies and potential acquisition targets.
Horizon Bank is a locally owned commercial bank that serves Northern and Central Indiana, as well as Southwest Michigan. The financial institution, which has stock traded on the Nasdaq Global Market, also offers mortgage lending throughout the Midwest.