Horizon in Ind. taps former banker as lead director

Horizon Bancorp in Michigan City, Ind., has tapped a former bank executive as its lead director. 

The $7.4 billion-asset company said in a press release Friday that Michele Magnuson will succeed Daniel Hopp on June 30. Hopp’s three-year term as lead director is set to end; he will also reach Horizon’s mandatory retirement age be the end of this year.

Magnuson was president and chief financial officer of LaPorte Bancorp. She joined Horizon’s board in July 2016 after the company acquired LaPorte. 

Her term as lead director will end in mid-2025.