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MICHIGAN CITY, Ind., May 25, 2021 (GLOBE NEWSWIRE) Horizon Bank, a wholly owned subsidiary of Horizon Bancorp, Inc. (NASDAQ GS: HBNC) (“Horizon”), has entered into a definitive purchase and assumption agreement to acquire 14 TCF National Bank (“TCF”) branches in 11 Michigan counties with approximately $976 million in deposits and $278 million in associated loans, which are being divested by TCF Financial Corporation in connection with its merger with Huntington Bancshares Incorporated.
“We are excited to welcome Horizon Bank’s newest employees and customers and introduce them to our record of exceptional service to consumers, small businesses, non-profits and municipalities across Michigan and Indiana,” Chairman and CEO Craig M. Dwight said. “This financially and strategically attractive transaction is a logical extension of our efficient retail franchise, which is designed to further enhance our low-cost core deposit and funding capab
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Change-Ups: Kalaczinski named MOAâs Educator of the Year
Lillian Kalaczinski, an associate professor for Ferris State Universityâs Michigan College of Optometry, has been named the Michigan Optometric Associationâs 2021 Educator of the Year. Kalaczinski is a 1998 MCO graduate following three years in the pre-optometry program at Ferris. Kalaczinski served as director of vision services at a Grand Rapids-area community health center before joining the MCO faculty in 2015. Kalaczinski also is chief of primary care services at the University Eye Center, and an adviser to registered student organizations unique to the college.
ACCOUNTING
Rehmann won Clearlyratedâs Best of Accounting Diamond Award for providing superior service to its clients for at least five consecutive years. Rehmann received satisfaction scores of 9 or 10 from 82% of its clients, significantly higher than the industryâs average of 43% in 2020.