Horizon Bank appointed David Pendley the divisional president of mortgage banking. Pendley will lead the strategic direction and growth of the bank’s mortgage banking division, with responsibility for sales, operations, underwriting, secondary markets and closing.
“David is a seasoned veteran with more than 30 years of experience in mortgage sales, operations, secondary markets and process design, as well as a proven leader in building high-performing teams that go above and beyond for their clients,” Thomas Prame, president and CEO of Horizon Bank, said. “We believe Horizon is well positioned to expand market share due to its extensive client base, economically strong communities and in-market local lenders. We have been our clients’ trusted advisors for over 150 years and look forward to expanding on this success with David leading our mortgage platform.”
Horizon Bank provides residential mortgages to clients through its more than 70 Indiana and Michigan branches, its website and a referral network of real estate agents and attorneys. Growth of the bank’s mortgage portfolio is expected to be an accelerant for its balance sheet restructuring efforts announced in December, which created more than $500 million in liquidity that the bank plans to reinvest into higher yielding assets throughout 2024.
“Horizon’s balance sheet and funding capability, established residential lending infrastructure and strong referral network provides an outstanding opportunity to profitably grow the mortgage division,” Pendley said. “I’m very excited to be joining Horizon to lead its highly experienced mortgage lending team.”
