Horizon Bancorp

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Horizon Warns on Further Loan Loss Expenses

Jan 02, 2008By

Another regional bank is facing mortgage problems: Indiana-based Horizon Bancorp said Wednesday that it increased loan loss reserves by $1.4 million in December to address problems in both its wholesale mortgage and indirect auto loan portfolios. HW reported on December 26 that the effects of the credit crunch were reaching beyond national banks and into smaller, more local operations.

3d rendering of a row of luxury townhouses along a street

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