Horizon Bancorporation, Inc. Announces the Engagement of Cappello Capital Corp. to Raise Additional Capital

BRADENTON, Fla., July 8 /PRNewswire-FirstCall/ -- Horizon Bancorporation, Inc. (OTC Bulletin Board: HZNB), the parent company of Horizon Bank announced today that it has engaged Cappello Capital Corp. of Santa Monica, California, to be its financial advisor in connection with the proposed recapitalization of Horizon Bank.

"We are excited to be working with Cappello Capital to raise the necessary funds to strengthen our balance sheet," said Charles Conoley, President and CEO of Horizon Bancorporation, Inc. and Horizon Bank.

"Cappello Capital has the expertise and connections to successfully present this opportunity to equity investors. Raising additional capital will enable us to recapitalize our bank and thus allow us to retain our historic posture of profitability, growth and community service.  We are now experiencing monthly profitability and the new capital will definitely enhance our profitable growth."

About Horizon Bancorporation, Inc.

Horizon Bancorporation, Inc. is the parent company of Horizon Bank, a Florida bank that combines traditional deposit and lending services with innovative banking solutions.  Founded in 1999, Horizon Bank is a Florida state-chartered bank with 4 branches in three cities including Bradenton, Palmetto and Brandon, Florida.

For more information, visit: www.Horizonbankfl.com.

About Cappello Capital Corp.

With over 35 years of history, Cappello Capital Corp. is an internationally recognized firm providing clients with investment banking advisory services in the fields of private placement of equity and debt, mergers and acquisitions, strategic advice and financial restructuring.  With worldwide transactional experience, the principals of Cappello Capital Corp. and its affiliates have advised on transactions in excess of $100 billion of aggregate value.

Safe Harbor. This news release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward- looking statements. Among these risks are regional and national economic conditions, competitive and regulatory factors, legislative changes, fluctuations in cost and availability of borrowed funds, the inability to sell mortgages in the secondary market, and erosion in housing sales and values. These risks and uncertainties are contained in the Horizon Bancorporation's filings with the Securities and Exchange Commission, available via EDGAR. Horizon Bancorporation assumes no obligation to update forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such forward-looking statements.

SOURCE Horizon Bancorporation, Inc.