Horizon Bancorp, Inc. · NASDAQ:HBNC
Horizon Bancorp — SPAC Merger (October 2018)
24 slides from Horizon Bancorp's SPAC merger presentation, Oct 30, 2018
Slide 1: A Winning Business Combination
A Winning Business CombinationOctober 29, 2018
Slide 2: Table of Contents
Table of Contents Topic Section Horizon’s Profile I. A Winning Business Combination II. Horizon’s Approach to Integrations III.
Slide 3: Horizon's Profile
Founded in 1873 Headquartered in Michigan City, IndianaTotal Assets $4.1 billionTotal Trust Assets Under Management $2.4 billionFocused on the States of Indiana & MichiganVery Traditional Bank – Four Primary Revenue Streams Horizon’s Profile * Founded in 1873 Headquartered in Michigan City, IndianaT
Slide 4: Sixty-Six Locations
4 Sixty-Six LocationsIncludes three loan production offices BranchesLPOs
Slide 5: Our Culture is the Foundation for Our Success
* Hire LocalPromote Local Decision MakingService GuaranteesProfessional Development Talent Management ProgramUpward Mobility Through Core CompetenciesWe Achieve Our GoalsMotto “Exceptional Service and Sensible Advise” Our Culture is the Foundation for Our Success 5 Hire LocalPromote Local Decision M
Slide 6: Horizon's Story
Horizon’s Story Steady GrowthFinancial StrengthConsistent PerformanceCompany Based on ValuesPeople First – Employees & Customers
Slide 7: Solid Growth in Total Assets
7 Solid Growth in Total Assets(in millions)
Slide 8: A Company on the Move
A Company on the Move OrganicExpans.(11) St. Joseph,S. Bend,Elkhart,Merrillville Kalamazoo Indianapolis Carmel Ft. Wayne,Grand Rapids Noblesville,Holland M&A(13) Anchor Mtg.,Alliance American Trust Heartland 1st Mtg.,Summit,Peoples Farmers,LaPorte,CNB Bargersville,Lafayette,Wolverine
Slide 9: Highly Regarded In Our Communities
Highly Regarded In Our Communities Community Relations Award Urban League of Northwest Indiana, Inc.Nine out of Ten Customers Would Refer a FriendIndependent SurveyBest Bank - Fifteen Out of Last Sixteen YearsThe News Dispatch Readers PollBest Bank for Obtaining a Business LoanNorthwest Indiana Busi
Slide 10: A Winning Business Combination
A Winning Business Combination Horizon (66)Salin (20) Locations and Cultures Align 11 Complementary LocationsCultures Based on Similar ValuesPeople First BankingCommitment to Service and Support for the Communities We ServeComparable Credit PhilosophiesGood Core Deposit Base
Slide 11: Horizon and Salin: Locations and Cultures Align
Horizon (66)Salin (20) Locations and Cultures Align * Complementary LocationsCultures Based on Similar ValuesPeople First BankingCommitment to Service and Support for the Communities We ServeComparable Credit PhilosophiesGood Core Deposit Base
Slide 12: Synergies
Capacity to Leverage Horizon’s Systems and Salin’s Investments in TechnologyHorizon can Extend its Customers Banking Hours with ITMsSalin’s Customers Gain byIncreased Lending LimitsExpanded Mortgage & Consumer Loan Products & Efficient PlatformsExpanded Treasury Management & Municipal Services Syner
Slide 13: Consolidated Profile
Category SalinBank(in millions) Horizon Bank(in millions) Pro-forma(in millions) Assets $893.1 $4,076.6 $4,969.7 Loans $605.1 $2,924.5 $3,529.6 Deposits $725.4 $3,016.2 $3,741.6 Trust Assets Under Mgmt. $452.1 $2,487.3 $2,636.3 Total Locations 20 66 80+ 13 Consolidated Profile
Slide 14: Horizon's Approach to Integrations
Horizon’s Approach to Integrations
Slide 15: Approach to Business Combinations
Team Effort, Cooperative, Non-Hostile Approach to Business CombinationsOpen, Clear and Ongoing Communications with Employees & CustomersSeek and Desire FeedbackWell Organized Training / Learning & Development PlansHelpful Operational & Support Teams Assigned MentorsWe Do Not Sweat the Small Stuff He
Slide 16: Estimated Merger Timeline
* Estimated Merger Timeline * Timeline assumes no remonstration or litigation and items in “red” font represent critical path.
Slide 17: Key Integration Dates
Key Integration Dates * Action EstimatedTime Line Integration Teams - Organizational MeetingOrganizational meeting and to meet key integration leadersEstablish communications and exchange contact informationRegular ongoing conference calls by key integration leaders October 30, 2018 Branch Consolida
Slide 18: Displaced Employees
Redundant Positions will be DisplacedEmployee Notification Letters (Delivered By December 10, 2018)Severance Benefit - per Definitive AgreementJob Coaching Service ProvidedEmployee and Family Counseling Made AvailableGiven First Opportunity to Fill Horizon’s Open PositionsReference Letters Available
Slide 19: Retained Employees
Employee Notification Letters (Delivered By December 10, 2018)All branch personnel retainedAll employees engaged directly with ITMs retainedAll others to reviewed with managers and executive officersPer Horizon’s standard employment practices retained employees to pass basic employment screens (drug
Slide 20: On Going Communications
Questions and Answers - PublishedUpdated weekly, unless no new questions submittedPosted on intranet or employee only websiteEmployee Only Website – (To be available in two weeks)Local Managers Encouraged to Give Team Updates Ask Questions (Manager, Email, Call, EthicsPoint) On Going Communications
Slide 21: What to Expect Tomorrow
Press Release Issued – Public AwarenessCustomers will Express Concerns for You They will want to know if you are okYour job continues as is, until we close the merger and / or convert data processing systemsCustomers Want to Know What Will Happen to Their Bank Accounts (Too soon to determine)Will my
Slide 22: Handouts
Handouts Delivered Via Email & Included:Press ReleaseQuestions and AnswersHorizon’s Key Contact ListNameTitleEmail addressTelephone numberHorizon’s Brand MessageOverview of HorizonBrochures Delivered Via Express Delivery:Overview of Horizon Brochure delivered by MondayExtra Copies will be Available
Slide 23: Thank You and We Look Forward to Our Partnership
Thank You and We Look Forward to Our Partnership
Slide 24: Questions & Answers about the joining of our companies
Questions & Answers about the joining of our companies . We understand there will be many questions from customers, the community and employees. Please review and keep these questions and answers handy so you are better able to address. We will update these as necessary so everyone is kept well- inf