The Bank Slate


Horizon to close branches in Indiana, Michigan

Horizon Bancorp in Michigan City, Ind., plans to close 10 branches.

The $6.1 billion-asset company said in a press release Tuesday that it will shutter nine locations in Indiana and one in Michigan. The closures are expected to take place on Aug. 27.

Horizon announced in May that it would buy 14 TCF National Bank branches in Michigan, along with $976 million of deposits and $278 million of loans. The company said it expects to close that transaction in the third quarter.

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