LAKE HAVASU CITY, Ariz.--( BUSINESS WIRE )--Horizon Bancorp, Inc. ("Horizon Bancorp") today announced that it completed the sale of substantially all of the assets and liabilities (the "Asset Sale") of Horizon Community Bank to Arizona Financial Credit Union (formerly Arizona Federal Credit Union) effective after the close of business on September 30, 2022. In connection with the Asset Sale closing, Horizon Bancorp caused its common stock to no longer trade or be quoted on the OTC Pink Sheets and closed its stock records. The Horizon Bancorp also announced today that its Board of Directors effected a plan of dissolution for the winding up and liquidation of Horizon Bancorp, as contemplated by the Asset Sale transaction documents. Horizon Bancorp anticipates making two liquidating distributions to its shareholders, with the first occurring shortly after the closing of the Asset Sale and the second occurring as soon as practicable in connection with the dissolution of Horizon Bancorp.