Indiana bank opening branch downtown
An Indiana bank is opening its first Grand Rapids branch.
Michigan City, Indiana-based Horizon Bank, which first entered the Grand Rapids market with a commercial lending office in 2013, is planning to open a 13,000-square-foot branch downtown, at 250 Pearl St. NW, in February.
Currently, Horizon’s commercial lending office is operating from a temporary location.
“This is a strong growth market for the bank, and it helps connect our footprint between Kalamazoo and Lansing,” said David Quade, Grand Rapids market president, Horizon Bank. “Our goal is to bring community banking back to our market."
Horizon has entered a 10-year lease for the downtown space.
Quade expects the branch will house up to 15 financial advisors.
Employees being brought in to work at the Grand Rapids branch all have “extensive” banking experience in the region, according to Horizon.
“We’re building the best team possible,” Quade said.
The Grand Rapids branch will offer financial products and services across various categories: retail, commercial, private banking, treasury management and mortgage.
Quade said the branch will welcome input from those who work and live in the area to better serve the community, especially in volunteer efforts.
“I also am going to establish a community bank advisory board that will be led by local business owners, professionals and community leaders,” Quade said.
Founded in 1873, Horizon Bank has branches in northern and central Indiana and central and southern Michigan.
Horizon also offers mortgage banking services throughout the Midwest.