MICHIGAN CITY, Ind.--(BUSINESS WIRE)--
Horizon Bancorp, parent company of Horizon Bank, is one of ten community
banks nationwide recently added to the NASDAQ OMX ABA Community Bank
Index (Nasdaq:ABQI) effective prior to market open on Monday, December
22, 2014.
The Index is designed to track the performance of banks and thrifts, or
their holding companies, listed on the NASDAQ Stock Market and serve as
a benchmark for investment products by including the larger and more
liquid community banks. Launched in June 2009, the index is the most
broadly representative stock index for community banks and remains an
important tool for giving banks more visibility with analysts and
investors.
“Becoming eligible for this index reflects our ongoing commitment to
maximize Horizon Bancorp’s shareholder value and liquidity. We believe
this provides added credibility in the institutional marketplace while
also increasing the visibility and attractiveness of Horizon’s shares to
potential new investors,” said Craig M. Dwight, Chairman and Chief
Executive Officer of Horizon Bank.
The NASDAQ OMX ABA Community Bank Index is reviewed on a semi-annual
basis with eligible banks and thrifts or their holding companies being
added to the index semiannually on June 1 and December 1, based on
companies listed at the end of the preceding month that meet the index
criteria. Companies no longer listed on the NASDAQ are deleted from the
index immediately. The index excludes the 50 largest bank and thrift
charters based on asset size, banks classified as having an
"international specialization" and banks classified as having a "credit
card specialization." Asset size and business classifications are based
on the most recently available FDIC data.
About Horizon Bancorp
Horizon Bancorp is a locally owned, independent, commercial bank holding
company serving Northern and Central Indiana and Southwest and CentralMichigan through its commercial banking subsidiary Horizon Bank, NA.
Horizon also offers mortgage-banking services throughout the Midwest.
Horizon Bancorp may be reached online at www.horizonbank.com.
Its common stock is traded on the NASDAQ Global Market under the symbol
HBNC and can be found at www.horizonbank.com.
About NASDAQ ABA Community Bank Index
The NASDAQ OMX ABA Community Bank Index is a market
capitalization-weighted index designed to track the performance of banks
and thrifts, or their holding companies, listed on The NASDAQ Stock
Market®. The index is intended to serve as a benchmark for investment
products by including the larger and more liquid community banks. For
further details, please visit the American Bankers Association Website
at www.aba.com.
Horizon Bancorp
Cindy Pressinell
Vice President, Director of
Marketing
Phone: (219) 873-2692
Fax: (219) 873-2628
Source: Horizon Bancorp