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Company:
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HORIZON FINANCIAL CORP (HRZB)
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Form Type:
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8-K
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Filing Date:
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9/4/2009
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CIK:
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0001002682
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Address:
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1500 CORNWALL AVE
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City, State, Zip:
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BELLINGHAM, Washington 98225
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Telephone:
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(360) 733-3050
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Fiscal Year:
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03/31
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Last Trade
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Last Trade:
$0.03
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Change:
0.004 (18.14%)
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Trade Time:
Feb 09
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Market Cap:
$0.30M
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Description of Business
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Horizon Financial Corp. ("Horizon Financial"or the "Corporation") was
formed under Washington law on May 22, 1995, and became the holding company
for Horizon Bank ("Horizon Bank" or the "Bank"), effective October 13, 1995.
At March 31, 2007, the Corporation had total assets of $1.3 billion, total
deposits of $975.3 million and total equity of $123.9 million. The
Corporation's business activities generally are limited to passive investment
activities and oversight of its investment in the Bank. Accordingly, the
information set forth in this report, including consolidated financial
statements and related data, relates primarily to the Bank and its subsidiary.
The Bank was organized in 1922 as a Washington State chartered mutual
savings and loan association and converted to a federal mutual savings and
loan association in 1934.
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