Exhibit 99.1


City Holding Company and Horizon Bancorp, Inc. Complete Merger

CHARLESTON,  W.Va., Dec. 31 /PRNewswire/ -- City Holding Company (Nasdaq: CHCO -
news)  announced  today that it had completed  its merger with Horizon  Bancorp,
Inc.  (Nasdaq:  HZWV - news),  Beckley,  West Virginia.  In the merger,  Bank of
Raleigh,  First  National Bank in Marlinton,  Greenbrier  Valley  National Bank,
National  Bank of Summers of Hinton,  and The  Twentieth  Street  Bank,  banking
subsidiaries of Horizon, became wholly-owned subsidiaries of City Holding.

City  Holding  will issue 1.111  shares of City  Holding  common  stock for each
outstanding  share of Horizon common stock.  Approximately  10,200,000 shares of
City Holding common stock are expected to be issued in the merger.

The City Holding Board of Directors  will comprise 24 directors,  12 having been
designated by City Holding and 12 having been  designated by Horizon.  Steven J.
Day,  President  and Chief  Executive  Officer of City Holding and City National
Bank,  will continue as City Holding's  President and Chief  Executive  Officer.
Philip L.  McLaughlin,  President and Chief Operating  Officer of Horizon,  will
become  Chairman of the Board of Directors of City  Holding.  Samuel M. Bowling,
Chairman of the Board of City Holding Company, will become Vice Chairman of City
Holding. Bernard C. McGinnis,  Executive Vice President and Director of Horizon,
will become a Vice Chairman of City Holding.

After the merger City Holding will own City  National  Bank of West Virginia and
its non-banking divisions, Del Amo Savings Bank, FSB, City Financial Corporation
and the five banking  subsidiaries of Horizon.  City Holding is headquartered in
Charleston,  West Virginia,  and will have 58 financial  services offices across
the states of West Virginia and Ohio.