Business
Horizon Bancorp, Inc. Announces Thomas M. Prame to be Appointed Chief Executive Officer Effective June 1, 2023
MICHIGAN CITY, Ind., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (“Horizon”) (NASDAQ GS: HBNC) and Horizon Bank announced that Thomas M. Prame
About this update from Horizon Bancorp, Inc.
[{"type":"text","content":"MICHIGAN CITY, Ind., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (“Horizon”) (NASDAQ GS: HBNC) and Horizon Bank announced that Thomas M. Prame will be appointed the Chief Executive Officer of both organizations effective June 1, 2023. Craig M. Dwight, will retain the title of Chief Executive Officer until June 1st and retire as an employee from Horizon and Horizon Bank effective July 3, 2023. Mr. Dwight will remain the Chairman of the Board of both organizations. Prame will continue in his role as President of both organizations. Mr. Dwight has served Horizon as its Chief Executive Officer since 2001 and Chairman since 2013. Prior to that, he was the President and Chief Administrative Officer of Horizon and the Chief Executive Officer and Chair of Horizon Bank commencing in 1998. Mr. Dwight has also served on the Board of Directors of Horizon and Horizon Bank since 1998 and will continue to serve as Chairman of both organizations. Since Mr. Prame joined Horizon in August 2022, he has established himself as a forward-thinking leader and has been immersed in furthering the Company's strategic direction and operational success. His leadership experience at larger metropolitan banks in implementing strategic plans and significantly increasing operational efficiency and sales productivity has already played a key role in advancing Horizon’s operating model. Prame is also deeply engaged in the expansion of Horizon’s technology-enabled business model and growth of the lending platforms that are focused on creating long-lasting customer relationships. “The Board is extremely grateful for the dedication and leadership Craig has provided Horizon over the last several decades,” said Michele M. Magnuson, Horizon’s Lead Director. “During his tenure as Chairman and CEO of Horizon and Horizon Bank, the Company grew from approximately $400 million in total assets to $7.7 billion. Craig successfully guided Horizon through remarkable growth, as well as periods of economic turmoil, including the great recession and the COVID-19 pandemic. Craig’s leadership extends beyond the success of Horizon, and he has also made significant tangible impacts through his involvement in the state and local communities that Horizon calls home. Craig has also positively impacted many external organizations in our markets, and he has been the key driver o...