Bank / Credit Union

Arizona Federal Credit Union to acquire Horizon Community Bank

March 21, 2022

Arizona Federal Credit Union has signed an agreement to acquire Horizon Community Bank, headquartered in Lake Havasu City, Arizona, and a subsidiary of Horizon Bancorp Inc. With this acquisition, Arizona Federal Credit Union aims to expand into western Arizona, according to a press release.

Horizon Community's 12,000 clients will be able to access Arizona Federal's suite of financial services such as consumer loans, credit cards, small business services and more.

"Arizona Federal has demonstrated their competency and commitment to community banking and they will be a great partner for our bank," Ralph Tapscott, president and CEO of Horizon Community, said in the release. "I'm excited for Horizon employees to join together with Arizona Federal employees to bring additional financial services and resources to the communities we serve."