Arizona Financial Completes Acquisition of Horizon Community Bank
PHOENIX, Oct. 1, 2022 /PRNewswire-PRWeb/ -- Arizona Financial Credit Union ("Arizona Financial") announced today that it has completed its planned purchase of assets and assumption of liabilities of Horizon Community Bank ("Horizon Community"), an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona, and a wholly-owned subsidiary of Horizon Bancorp, Inc. (OTC Pink: HRRB) ("Horizon Bancorp").
- Arizona Financial Credit Union ("Arizona Financial") announced today that it has completed its planned purchase of assets and assumption of liabilities of Horizon Community Bank ("Horizon Community"), an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona, and wholly-owned subsidiary of Horizon Bancorp, Inc. (OTC Pink: HRRB) ("Horizon Bancorp").
- PHOENIX, Oct. 1, 2022 /PRNewswire-PRWeb/ -- Arizona Financial Credit Union ("Arizona Financial") announced today that it has completed its planned purchase of assets and assumption of liabilities of Horizon Community Bank ("Horizon Community"), an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona, and a wholly-owned subsidiary of Horizon Bancorp, Inc. (OTC Pink: HRRB) ("Horizon Bancorp").
- "Arizona Financial has demonstrated their competency and commitment null [to community banking and they __title__ null]have become a great partner throughout this process," said Ralph Tapscott, former President and CEO of Horizon Community who will now serve as the Western Arizona Market President for Arizona Financial.
- Arizona Financial was advised by Honigman LLP, as legal counsel, and McQueen Financial, as financial advisor.