Michigan City-based Horizon Bank hired David Pendley as its divisional president of mortgage banking.
Pendley will lead the bank's mortgage banking division, including sales, operations, underwriting 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,” CEO and President Thomas Prame said in a press release. “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 advisers for over 150 years and look forward to expanding on this success with David leading our mortgage platform.”
Pendley most recently was the vice president of mortgage lending at Consumers Credit Union, according to his LinkedIn profile.
Horizon offers residential mortgages at its more than 70 branches in Indiana and Michigan. The bank restructured its balance sheet in December 2023, and expects its mortgage portfolio to drive those efforts in 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.”
