![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, January 04, 2017 9:24:54 AM
HBNC acquired LPSB in the summer of 2016, shareholders who elected to receive HBNC stock have made out very well. LPSB top shareholders prior to the merger could have been a good indication of a takeover.
http://stockcharts.com/freecharts/gallery.html?hbnc
link back to LPSB DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111500151
news story for completion of acquisition
MICHIGAN CITY, Ind.--(BUSINESS WIRE)--
Horizon Bancorp (HBNC) (“Horizon”), the parent of Horizon Bank, N.A., (“Horizon Bank”) today announced the completion of the acquisition of LaPorte Bancorp, Inc. (“LaPorte Bancorp”) and its wholly-owned subsidiary, The LaPorte Savings Bank, of LaPorte, Indiana, effective July 18, 2016. LaPorte Bancorp was merged into Horizon immediately followed by the merger of The LaPorte Savings Bank into Horizon Bank.
Under the terms of the Merger Agreement, shareholders of LaPorte Bancorp had the option to receive $17.50 per share in cash or 0.629 shares of Horizon common stock, or a combination of both, for each share of LaPorte Bancorp’s common stock, subject to allocation provisions to assure that in aggregate, LaPorte Bancorp shareholders received total consideration that consists of 65% stock and 35% cash. As a result of LaPorte stockholder stock and cash elections and the related proration provisions of the Merger Agreement, Horizon issued 2,280,992 shares of its common stock in the merger. Based upon the July 15, 2016 closing price of $26.31 per share of Horizon common stock, the transaction has an implied valuation of approximately $98.9 million.
the trend for more consolidation in the small to medium banking sector is still intact, so pick your horses
Recent HBNC News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:06:18 PM
- Horizon Bank Appoints Michele Samuels and Brian Walker to Serve as Independent Directors • GlobeNewswire Inc. • 07/17/2024 08:05:00 PM
- Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 25 • GlobeNewswire Inc. • 06/27/2024 08:05:00 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/05/2024 09:20:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:42:09 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:03:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 09:28:46 PM
- Horizon Bancorp, Inc. Names John R. Stewart, CFA as Chief Financial Officer • GlobeNewswire Inc. • 05/13/2024 09:00:00 PM
- Horizon Bancorp, Inc. Reports Solid First Quarter 2024 Results Including EPS of $0.32, Net Interest Margin Expansion, Loan Growth and Well-Managed Operating Expenses • GlobeNewswire Inc. • 04/24/2024 08:05:00 PM
- Horizon Bancorp, Inc. Announces Conference Call to Review First Quarter Results on April 25 • GlobeNewswire Inc. • 04/01/2024 08:05:00 PM
- Horizon Bank Appoints David Pendley President of Mortgage Banking • GlobeNewswire Inc. • 02/20/2024 09:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 04:46:11 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 04:36:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:06:38 PM
- Horizon Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Results, Successfully Executes Balance Sheet Restructuring for Future Earnings Growth • GlobeNewswire Inc. • 01/24/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:32:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 09:30:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 05:38:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 09:25:36 PM
- Horizon Bancorp, Inc. Announces Earnings Conference Call to Review Fourth Quarter and Full Year 2023 Results on January 25 • GlobeNewswire Inc. • 12/18/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:07:20 PM
- Horizon Bancorp, Inc. Announces Balance Sheet Repositioning • GlobeNewswire Inc. • 12/12/2023 09:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:52:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/07/2023 09:17:43 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM