Horizon Bancorp Enters into a Merger Agreement to Acquire Peoples Bancorp
The Barack Ferrazzano Financial Institutions Group acted as legal counsel for Horizon Bancorp (Nasdaq: HBNC), the holding company for Horizon Bank in a merger agreement with Peoples Bancorp (OTCBB: PBNI) to acquire it and its wholly owned subsidiary Peoples Federal Savings Bank of Dekalb ("Peoples Federal Savings Bank"), headquartered in Auburn, Indiana, through a stock and cash merger. As of December 31, 2014, Peoples Bancorp had total assets of $486.6 million through its 16 full-service banking locations serving northeast Indiana and southwest Michigan. Peoples Federal Savings Bank will also be merged into Horizon Bank at the time of the transaction. The transaction, valued at approximately $73.1 million, is expected to be completed in the third quarter of 2015. Barack Ferrazzano's legal team was led by Robert M. Fleetwood, along with Andrew K. Strimaitis and Abdul R. Mitha.
Horizon Bancorp is a community bank holding company headquartered in Michigan City, Indiana with total assets of $2.1 billion. Horizon Bancorp's wholly-owned bank subsidiary, Horizon Bank, has 31 banking offices throughout northern and central Indiana and southwestern and central Michigan.
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