HORIZON BANK
- Bank Name:Horizon Bank
- Bank Class:State Chartered - FED Nonmember Bank
- FDIC ID:Certificate #20972 - Inactive
- FED RSSD ID:#384335 - Inactive
HISTORY OF HORIZON BANK
Horizon Bank was established on February 23, 1973, originally under the name Bank of Fyffe. The institution underwent a significant acquisition on September 1, 1994, when it acquired Bank of Powell, located in Powell, Alabama. On March 20, 1995, the bank changed its name to Horizon Bank. In a strategic move to expand its operations, the main office of Horizon Bank was relocated on March 31, 2006, to 1167 Main Street in Fyffe, Alabama. However, the bank's history concluded on April 1, 2017, when it merged with Peoples Independent Bank, which operates in Boaz, Alabama.
Below is a list of some important events in banks history, including mergers and acquisitions.
DATEEVENT
1973-02-23Institution established. Original name: Bank of Fyffe.
1994-09-01Acquired Bank of Powell in Powell, Al.
1995-03-20Changed Institution Name to Horizon Bank.
2006-03-31Main Office moved to 1167 Main St, Fyffe, AL 35971.
2017-04-01Merged and became part of Peoples Independent Bank in Boaz, AL.
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