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Balance Sheet Cash Flow Statement 1500 Cornwall Ave. Bellingham, WA 98225 WA Tel. 360-733-3050 Fax 360-733-7019 |
Type: Public
On the web:
http://www.horizonbank.com
Employees:
265
Employee growth: (15.9%)
Horizon Financial is the holding company for Horizon Bank, which serves Skagit, Snohomish, Pierce, and Whatcom counties along Puget Sound in northwestern Washington. Founded in 1922, the bank offers traditional products and services through more than 25 branches and loan centers. Funds from deposits, such as CDs and checking, savings, and money market accounts, are primarily used to originate loans secured by real estate. Commercial mortgages make up about 25% of the bank's loan portfolio; construction and land development loans are around 40%. Horizon Bank also issues home equity, business, commercial construction, and consumer loans.
Key numbers for fiscal year ending March, 2009:
Sales: $44.7M
One year growth: (26.4%)
Net income: ($33.4)M
Officers:
Chairman: V. Lawrence (Laury) Evans
President, CEO, and Director; CEO, Horizon Bank: Richard P. (Rich) Jacobson
SVP, Controller, Interim CFO, and Interim Secretary; SVP and Controller, Horizon Bank: Kelli J. Holz
Competitors:
Cascade Financial
JPMorgan Chase
Washington Banking
