Horizon Bancorp, Inc. was informed of the passing of Director Spero W. Valavanis. Mr. Valavanis served on Horizon Bancorp, Inc.'s Board of Directors since 2000 and on the Board of Directors of Horizon Bank, its wholly-owned subsidiary, since 1998. During his tenure as a Director, Spero helped guide the organization from approximately $300 million in assets with nine branches to nearly $8 billion in assets with over 70 locations in Indiana and Michigan.

He most recently served on the Company's Asset-Liability Committee and Wealth Management Committee.