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Horizon Bank Appoints Larry S. Magnesen to Serve as Independent Director

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Horizon Bancorp (NASDAQ: HBNC) appointed Larry S. Magnesen as an independent director effective October 10, 2025. Magnesen currently serves on Horizon Bank’s board and is a retired Senior Vice President, Corporate Communications Director at Fifth Third Bank with over 40 years of banking experience, including senior marketing and reputation roles. He holds a bachelor’s from Carthage College and a Master of Management from Northwestern Kellogg.

Magnesen will join the Enterprise Risk Management, Credit Policy and Fair Lending, and Wealth committees; company leadership said his industry experience and regional knowledge will support Horizon’s Midwest franchise and growth.

Horizon Bancorp (NASDAQ: HBNC) ha nominato Larry S. Magnesen come amministratore indipendente con efficacia 10 ottobre 2025. Magnesen attualmente fa parte del consiglio di Horizon Bank ed è stato Senior Vice President, Director of Corporate Communications presso Fifth Third Bank, con oltre 40 anni di esperienza bancaria, inclusi ruoli senior nel marketing e nella gestione della reputazione. Possiede una laurea presso Carthage College e un Master in Management presso Northwestern Kellogg.

Magnesen entrerà a far parte dei comitati Enterprise Risk Management, Credit Policy and Fair Lending e Wealth; la direzione dell'azienda ha dichiarato che la sua esperienza nel settore e la conoscenza regionale sosterranno la franchise del Midwest di Horizon e la crescita di Horizon.

Horizon Bancorp (NASDAQ: HBNC) designó como director independiente a Larry S. Magnesen, con efecto a partir del 10 de octubre de 2025. Magnesen actualmente forma parte de la junta de Horizon Bank y es un retirado Senior Vice President, Director de Corporate Communications en Fifth Third Bank, con más de 40 años de experiencia bancaria, incluyendo roles de alto nivel en marketing y reputación. Posee una licenciatura de Carthage College y un Master en Management de Northwestern Kellogg.

Magnesen se unirá a los comités de Enterprise Risk Management, Credit Policy and Fair Lending y Wealth; la dirección de la empresa dijo que su experiencia en la industria y su conocimiento regional apoyarán la franquicia del Midwest de Horizon y su crecimiento.

Horizon Bancorp (NASDAQ: HBNC)Larry S. Magnesen을 독립 이사로 임명했으며 발효일은 2025년 10월 10일입니다. Magnesen은 현재 Horizon Bank 이사회에서 활동 중이며 Fifth Third Bank의 기업 커뮤니케이션 책임자로 은퇴한 Senior Vice President로, 40년 이상의 은행 경험과 함께 고위 마케팅 및 평판 관리 역할을 맡아 왔습니다. 그는 Carthage College에서 학사를, Northwestern Kellogg에서 경영학 석사를 받았습니다.

Magnesen은 Enterprise Risk Management, Credit Policy and Fair Lending, 및 Wealth 위원회에 합류할 예정입니다. 회사 경영진은 그의 산업 경험과 지역 지식이 호라이즌의 중서부 프랜차이즈와 성장을 지원할 것이라고 말했습니다.

Horizon Bancorp (NASDAQ: HBNC) a nommé Larry S. Magnesen en tant que administrateur indépendant, avec effet à partir du 10 octobre 2025. Magnesen est actuellement membre du conseil de Horizon Bank et est un ancien Senior Vice President, Directeur des Communications Corporatives chez Fifth Third Bank, avec plus de 40 ans d'expérience bancaire, y compris des rôles de haut niveau en marketing et en réputation. Il est titulaire d'un baccalauréat de Carthage College et d'un Master en Management de Northwestern Kellogg.

Magnesen rejoindra les comités Enterprise Risk Management, Credit Policy and Fair Lending et Wealth; la direction de l'entreprise a déclaré que son expérience sectorielle et sa connaissance régionale soutiendront la franchise du Midwest de Horizon et sa croissance.

Horizon Bancorp (NASDAQ: HBNC) ernannte Larry S. Magnesen zum unabhängigen Vorstandsmitglied mit Wirkung zum 10. Oktober 2025. Magnesen ist derzeit als Vorstandsmitglied von Horizon Bank tätig und war Senior Vice President, Director Corporate Communications bei Fifth Third Bank, mit über 40 Jahren Bankerfahrung, einschließlich leitender Rollen im Marketing und in der Reputationspflege. Er besitzt einen Bachelor-Abschluss von Carthage College und einen Master in Management von Northwestern Kellogg.

Magnesen wird den Ausschüssen Enterprise Risk Management, Credit Policy and Fair Lending und Wealth beitreten; die Unternehmensführung sagte, seine Branchenerfahrung und regionale Kenntnis würden Horizon’s Midwest-Standorte stärken und Wachstum fördern.

Horizon Bancorp (NASDAQ: HBNC) عيّنت Larry S. Magnesen كعضو مجلس إدارة مستقل، اعتبارًا من 10 أكتوبر 2025. Magnesen يعمل حاليًا في مجلس Horizon Bank وهو نائب رئيس أول متقاعد، مدير الاتصالات المؤسسية في Fifth Third Bank، وله أكثر من 40 عامًا من الخبرة المصرفية، بما في ذلك أدوار عليا في التسويق والسمعة. يحمل درجة البكالوريوس من كلية كارثيج ومهندس ماجستير في الإدارة من Kellogg التابعة لجامعة نورثويسترن.

سينضم Magnesen إلى لجان Enterprise Risk Management، Credit Policy and Fair Lending وWealth; وقالت قيادة الشركة إن خبرته الصناعية ومعرفته الإقليمية ستدعم فرع Horizon في الغرب الأوسط ونموها.

Horizon Bancorp (NASDAQ: HBNC) 任命 Larry S. Magnesen 为独立董事,生效日期为 2025年10月10日。Magnesen 目前担任 Horizon Bank 董事会成员,曾任 Fifth Third Bank 的高级副总裁、企业传播总监,拥有超过 40 年 的银行业经验,其中包括高级市场营销与声誉管理职位。他拥有 Carthage College 的学士学位,以及 Northwestern Kellogg 的管理学硕士。

Magnesen 将加入 Enterprise Risk ManagementCredit Policy and Fair LendingWealth 委员会;公司领导层表示,他的行业经验和区域知识将支持 Horizon 的中西部市场品牌与增长。

Positive
  • Appointment effective October 10, 2025
  • Brings 40+ years of banking and senior marketing experience
  • Assigned to Enterprise Risk Management, Credit Policy & Fair Lending, and Wealth committees
Negative
  • None.

MICHIGAN CITY, Ind., Oct. 14, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon” or the “Company”) announces the appointment of Larry S. Magnesen to serve as independent director on the Company’s Board of Directors, effective on October 10, 2025.

Currently serving on Horizon Bank’s Board of Directors, Magnesen is the retired Senior Vice President, Corporate Communications Director at Fifth Third Bank (Chicago) with over forty years of experience in the banking industry. During his time with Fifth Third Bank, he also served as Chief Reputation Officer and Chief Marketing Officer based in Cincinnati, Ohio, and Senior Vice President, Regional Marketing based in Grand Rapids, Michigan. Previously, Magnesen served various roles in Retail Banking, Business Banking, and Marketing at other banks including Old Kent Bank, Banc One Ohio Corporation, now part of Chase Bank, and Citibank. Additionally, he served in leadership roles on non-profit boards in communities throughout the Midwest including, LISC Grand Rapids, Meijer Gardens and Sculpture Park, and Public Media Connect. Magnesen earned his bachelor’s degree in Psychology and International Business from Carthage College in Kenosha, Wisconsin, and has a Master of Management from Northwestern University, J.L. Kellogg Graduate School of Management with dual concentrations in Marketing and Finance.

“Larry’s extensive leadership experience at one of the nation’s leading regional banks enables him to provide valuable insights to Horizon’s Board of Directors at a pivotal time in our growth,” said Thomas M. Prame, Chairman and President of Horizon Bank and Chief Executive Officer and President of the Company. “His deep banking knowledge and significant understanding of our core markets will add value as we continue to build out Horizon’s highly valued Midwest franchise. We are pleased to welcome Larry as our newest independent director and look forward to his guidance as Horizon Bank continues delivering exceptional financial services while supporting the communities in which we operate across Indiana and Michigan.”

“I am grateful that Larry’s service to Horizon will continue as a member of the Company’s independent board of directors,” concluded Eric P. Blackhurst, Board Chair. “His understanding of the complexities of the banking industry will be an asset to our Board, and I look forward to his additional contributions in this role.”

With his addition to the Horizon Bancorp Board, Magnesen joins the Enterprise Risk Management, Credit Policy, and Fair Lending Committee and the Wealth Committee.

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. (NASDAQ: HBNC) is the $7.7 billion-asset (as of June 30, 2025) commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

Contact: Thomas Prame
Chief Executive Officer and President
Phone: (219) 814-5983


FAQ

When did Horizon Bancorp (HBNC) appoint Larry S. Magnesen to the board?

Larry S. Magnesen was appointed effective October 10, 2025.

What experience does Horizon (HBNC) director Larry Magnesen bring to the board?

He has over 40 years in banking, including senior roles at Fifth Third Bank in communications, reputation, and marketing.

Which board committees will Larry Magnesen serve on for Horizon (HBNC)?

He will join the Enterprise Risk Management, Credit Policy & Fair Lending, and Wealth committees.

How might Larry Magnesen’s appointment affect Horizon Bancorp (HBNC) governance?

The company cites his senior banking experience and regional knowledge as additions to board expertise during Horizon’s growth.

Is Larry Magnesen already affiliated with Horizon Bank before joining Horizon Bancorp (HBNC) board?

Yes, he currently serves on Horizon Bank’s Board of Directors.
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