Merger Closer To Completion
The proposed merger between Michigan City-based Horizon Bancorp and Kosciusko Financial Inc. in Mentone is one step closer to completion. The $22.5 million deal has received regulatory approval from the Office of the Comptroller of Currency and the Federal Reserve Board. The merger must still be approved by Kosciusko’s shareholders and other closing conditions must be satisfied. If approved, the combined operations will continue under the Horizon Bank name. The merger is expected to close on June 1, provided all necessary conditions are met.
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