Horizon Bancorp Announces Balance Sheet Restructuring Transaction – Business Wire (press release)
MICHIGAN CITY, Ind.–(BUSINESS WIRE)–(NASDAQ: HBNC) Horizon Bancorp (the Company or Horizon) announced a series of balance sheet restructuring transactions that are expected to improve its overall financial position, including an increase in net interest margin, return on average assets, and return on average equity. The transactions include prepaying $106 million of high fixed-rate borrowings with…