Local News

Kosciusko Financial bank merger advances closer to completion

(Photo supplied/Horizon Bancorp)

MENTONE, Ind. (WOWO): Two banks in northern Indiana will be merging soon.

Kosciusko Financial in Mentone will be merging with Michigan City-based Horizon Bancorp, according to Inside Indiana Business.

The $22.5 million deal has gotten regulatory approval from the Office of the Comptroller of Currency and the Federal Reserve Board. Koscuisko shareholders must still approve the merger and other closing conditions must be satisfied.

Kosciusko Financial runs Farmers State Bank, but if the merger is completed on June 1st as planned, Farmers State Banks will become Horizon Banks.

Related posts

The Blacksnakes Return For Military Appreciation Weekend

WOWO News

Fujifilm recalls almost 300,000 power adapter wall plugs

Brooklyne Beatty

Woodburn Man gets six years for battery and attempted rape of woman

Brian Davis

Leave a Comment