Horizon Bancorp, Inc. and Horizon Bank Announces Retirement of Peter L. Pairitz from the Board of Directors
January 24, 2024 at 03:01 am IST
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Peter L. Pairitz, a member of the Board of Directors (the ?Board?) of Horizon Bancorp, Inc. (the ?Company?), submitted notice on January 19, 2024 that he will retire from the Board at the end of his current term and will not stand for re-election at the Company's 2024 annual meeting of shareholders. He will also retire from the Board of Directors of the Company's wholly owned subsidiary, Horizon Bank, effective at the expiration of his current term as a director of the Company. The decision by Mr. Pairitz to retire as a director was not a result of any disagreement with the Board or management of the Company or Horizon Bank.
Mr. Pairitz serves as a member and Chair of the Compensation Committee. The Board thanks Mr. Pairitz for his years of service and contributions to the Company.
Horizon Bancorp, Inc. is a bank holding company for Horizon Bank, which serves customers across Midwestern markets through digital and virtual tools, as well as its Indiana and Michigan branches. The Company operates through a single segment, which is commercial banking. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Its retail offerings include prime residential, indirect auto, and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. It also provides a range of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally. The Bank maintains around 71 full service offices. The Bank's subsidiaries include Horizon Investments, Inc., Horizon Properties, Inc. and Horizon Insurance Services, Inc.