Horizon Bancorp appointed Larry S. Magnesen to serve as independent director on the company’s board of directors, effective on Oct. 10, 2025.
Currently serving on Horizon Bank’s board of directors, Magnesen is the retired senior vice president, corporate communications director at Fifth Third Bank (Chicago) with over 40 years of experience in the banking industry. During his time with Fifth Third Bank, he also served as chief reputation officer and chief marketing officer based in Cincinnati, and senior vice president, regional marketing based in Grand Rapids.
Previously, Magnesen served various roles in retail banking, business banking, and marketing at other banks including Old Kent Bank, Banc One Ohio Corporation, now part of Chase Bank, and Citibank. Additionally, he served in leadership roles on non-profit boards in communities throughout the Midwest including, LISC Grand Rapids, Meijer Gardens and Sculpture Park, and Public Media Connect. Magnesen earned his bachelor’s degree in psychology and international business from Carthage College in Kenosha, Wisconsin, and has a master of management from Northwestern University, J.L. Kellogg Graduate School of Management with dual concentrations in marketing and finance.
“Larry’s extensive leadership experience at one of the nation’s leading regional banks enables him to provide valuable insights to Horizon’s Board of Directors at a pivotal time in our growth,” Thomas M. Prame, chairman and president of Horizon Bank and CEO and president of the company, said. “His deep banking knowledge and significant understanding of our core markets will add value as we continue to build out Horizon’s highly valued Midwest franchise. We are pleased to welcome Larry as our newest independent director and look forward to his guidance as Horizon Bank continues delivering exceptional financial services while supporting the communities in which we operate across Indiana and Michigan.”
Eric P. Blackhurst, board chair, concluded, “I am grateful that Larry’s service to Horizon will continue as a member of the company’s independent board of directors. His understanding of the complexities of the banking industry will be an asset to our board, and I look forward to his additional contributions in this role.”
With his addition to the Horizon Bancorp Board, Magnesen joins the enterprise risk management, credit policy, and fair lending committee and the wealth committee.
