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Horizon Bancorp ( (HBNC) ) just unveiled an update.
Horizon Bancorp has introduced the Nonqualified Deferred Compensation Plan, effective January 1, 2025, replacing the 2005 Supplemental Executive Retirement Plan. This plan is designed for select management and highly compensated employees to provide supplemental retirement benefits and allow deferral of additional compensation, with investment options excluding Horizon common shares. This move is expected to offer more tailored retirement benefits for eligible participants and streamline Horizon’s retirement planning offerings.
More about Horizon Bancorp
Horizon Bancorp operates in the banking industry, offering a range of financial services through its subsidiary, Horizon Bank. The company primarily focuses on providing banking products and services to individuals and businesses, with a particular emphasis on retirement and compensation plans for its employees.
YTD Price Performance: 18.71%
Average Trading Volume: 162,789
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $707.3M
Learn more about HBNC stock on TipRanks’ Stock Analysis page.
