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Home > Company Index > Banking > Banking - West > Horizon Financial Corp.

Horizon Financial Corp.
Nasdaq: HRZB
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 PROFILE
Horizon Financial is the holding company for Horizon Bank, which serves Skagit, Snohomish, and Whatcom counties along Puget Sound in northwest Washington. Founded in 1922, the savings bank offers traditional commercial banking products through 16 branches. Funds from deposits, such as CDs, and checking, savings, and money market accounts, are primarily used to originate single-family residential mortgages, which make up about three-quarters of the loan portfolio. Horizon Bank also issues commercial real estate and multifamily residential mortgages.

 COMPETITION
Cascade Financial Corporation (CASB)
Frontier Financial Corporation (FTBK)
Washington Banking Company (WBCO)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 58.80
1-Yr. Sales Growth: 11.4%
Employees: 166
Revenue per employee: $354,216.87

 KEY PEOPLE
• V. Lawrence Evans
    CEO
• Richard P. Jacobson
    CFO

 CONTACT INFO
1500 Cornwall Ave.
Bellingham, WA 98225
US
Phone: 360-733-3050
Fax: 360-733-7019

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