Horizon Bank announces new finance division and leader
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Horizon Bank has announced the launch of its new equipment finance division and who will lead it.
The new division will provide business financing solutions for small- and medium-sized businesses. The Michigan City-based bank plans to have a team in place by the fourth quarter of 2023 and operational in early 2024.
“The entry into this business line strategically aligns with Horizon’s stated goal to continue to diversify our business model and revenue streams,” Chief Commercial Banking Officer Lynn Kerber said in a news release. “This foundation, coupled with the experienced leadership brought by Joel will provide new and flexible financing solutions to our customers, while providing an additional revenue stream for the Bank to help maximize shareholder value.”
Joel Mikolich will lead the equipment finance division as president. The bank said in the release Mikolich has been successful throughout his career specifically with financing and developing successful teams to help small and mid-sized businesses.
“I am excited to leverage my industry network and experience to build out a team that shares my passion for providing customer-centric financing solutions that can be supported by the lending capacity of an established financial institution like Horizon Bank,” Mikolich said.
Horizon Bank is a subsidiary of holding company Horizon Bancorp, Inc.