Horizon Bank Announces New Wholesale Mortgage Lending Division

Horizon Bank Announces New Wholesale Mortgage Lending Division

MICHIGAN CITY, Ind. — James Neff, Executive Vice President of Horizon Bank, is pleased to announce the formation of a new division within the Company – Wholesale Mortgage Lending. Horizon’s Wholesale division funds loans for mortgage brokers with an initial focus on brokers located throughout the Midwest. The Division provides a diverse mix of mortgage products, such as first and second mortgage loans and home equity lines of credit, for customers with a variety of backgrounds and needs.

John Rivera will lead the Wholesale Mortgage Lending division. John recently joined Horizon Bank as a Vice President charged with starting this new line of business. While John is new to Horizon, he is not new to the mortgage loan business bringing with him over 16 years in the industry. In 1998, John started a similar business line taking it from a two-state operation to a national operation that employed over 130 people. “As a division of Horizon Bank, Horizon Wholesale Lending will have the power to provide an exceptional level of service, personal attention, and the sensible advice that our customers desire,” stated Rivera.

John has already established a support team at Horizon that will be ready to serve customers by July 1, 2006. The team members are Lori Nicklas as Regional Sales Manager; Sharon O’Dell as Credit Manager; and Jennifer Buckmaster as the Operations Manager. This team has extensive experience in the area of Wholesale Mortgage Lending with over 33 years of combined experience. John plans to continue to expand this team by recruiting sales representatives to promote Horizon’s new division to mortgage brokers throughout territories in the Midwest and beyond.

Horizon Bancorp (NASDAQ:HBNC) is a locally owned, independent, bank holding company serving northern Indiana and southern Michigan. Horizon offers banking, investment and trust services from offices located in Michigan City, LaPorte, Wanatah, Chesterton, Portage, Valparaiso, Elkhart, South Bend and Merrillville, Indiana, and St. Joseph, New Buffalo, Harbert and Three Oaks, Michigan, and provides mortgage-banking services throughout the Midwest. Horizon Bancorp may be reached on the World Wide Web at www.accesshorizon.com. Its common stock is traded on the NASDAQ SmallCap Market under the symbol HBNC.

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