trending Market Intelligence /marketintelligence/en/news-insights/trending/1aUoK79neWpZsd8MFT1YSA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Indiana-based Horizon Bancorp closing La Porte Bancorp deal

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Indiana-based Horizon Bancorp closing La Porte Bancorp deal

Michigan City, Ind.-based Horizon Bancorp ($2.63 billion) will close itsacquisition ofLa Porte, Ind.-based La PorteBancorp Inc. ($528.9 million) on July 18, according to a Form 8-Kfiled July 15.

Following the merger completion, La Porte Bancorp unit will mergewith and into Horizon's subsidiary Horizon Bank NA.

Based on 5,580,115 shares of LaPorte common stockoutstanding immediately prior to the effective time of the merger, holders ofapproximately 1,120,288 shares of LaPorte common stock validly elected toreceive the stock consideration, while holders of approximately 3,878,856shares validly elected to receive the cash consideration. Meanwhile, holders ofapproximately 580,971 shares of LaPorte common stock did not make a validelection.