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Horizon Financial Corp. (HRZB) is in the Financial Services Industry

Revenue
Mar 31 2008
$107.2M
Profit
Mar 31 2008
$18.4M
Market Cap
Sep 03 2008
$104.0M

Latest News and Analysis

Additional Resources

  • Nu Horizons Electronics Corp. Announces Compliance with Nasdaq Listing Requirements

    MELVILLE, N.Y. -- Nu Horizons Electronics Corp. (NasdaqGM:NUHC) today announced that the Nasdaq Office of the General Counsel, Listing Qualifications Hearings has notified the Company that due to the fact that the Company has regained compliance with the Nasdaq requirement relating to the filing of periodic reports...

    Articles 2007-11-26

  • Horizon Financial Group promotes Jacobson

    Horizon Financial Corp. has promoted Richard P. Jacobson to chief executive officer and president of Horizon Financial and director of Horizon Bank. Jacobson began at Horizon Bank in 1985 as a management trainee. His previously held positions include branch manager, loan officer, loan production officer, CRA...

    Articles 2007-11-14

  • Nu Horizons Electronics Corp. Enters Into Amendment and Waiver to U.S. $150 Million Credit Facility

    MELVILLE, N.Y. -- Nu Horizons Electronics Corp. (NasdaqGM:NUHC) today announced that the Company has entered into an amendment and waiver with its lenders under its $150 million revolving credit facility. The amendment and waiver relates to tax and financial reporting matters as previously described in...

    Articles 2007-10-25

  • Seacoast Commerce Bank Announces Appointment of New Directors

    CHULA VISTA, Calif. -- Bruce A. Nunes, Chairman of Seacoast Commerce Bank (OTCBB:SCCB), today announced the appointment of Allan W. Arendsee, Richard S. Levenson, and Ronald A. Bedell to the board of directors. "We are fortunate to have Allan, Rick and Ron join our board...

    Articles 2007-10-18

  • Nu Horizons Electronics Corp. and Subsidiary Named as Defendants in Vitesse-related Shareholder Action

    MELVILLE, N.Y. -- Nu Horizons Electronics Corp. (Nasdaq:NUHC) announced today that both Nu Horizons and its wholly-owned subsidiary Titan Supply Chain Services Corp. ("Titan") were named as co-defendants in a shareholder class action commenced against Vitesse Semiconductor Corp., Nu Horizons, Titan and others by a group of...

    Articles 2007-10-11

  • Nu Horizons Electronics Corp. to Restate Financial Statements for Prior Year Taxes

    MELVILLE, N.Y. -- Nu Horizons Electronics Corp. (Nasdaq/NM: NUHC) today announced that the Audit Committee of its Board of Directors, together with management, has concluded that the Company's annual and quarterly financial statements for the fiscal years 2002 through 2007, as well as the first quarter of...

    Articles 2007-10-03

  • Horizon Financial Declares Quarterly Cash Dividend of $0.13

    Schedules Fiscal Second Quarter 2008 Conference Call BELLINGHAM, Wash. -- Horizon Financial Corp. (NASDAQ: HRZB) announced today its Board of Directors has declared a quarterly cash dividend of $0.13 per share. The dividend will be paid on November 2, 2007, to shareholders of record on...

    Articles 2007-09-26

  • Avoid the Risk of the Untended Investment Portfolio

    Most committed investors understand the importance of asset allocation in their investment portfolio. Finding the right allocation of stocks, bonds and cash equivalent investments takes careful consideration of an individual's time horizon, financial goals, liquidity needs, tax situation and risk tolerance. Similarly, diversification within an asset class is understood...

    Articles 2007-09-24

  • Fed keeps US rates on hold; acknowledges market turmoil

    WASHINGTON AFP — The Federal Reserve Tuesday kept US interest rates unchanged at 5.25 percent but it acknowledged concerns about tightening credit and a persistent housing market slump dogging the US economy. The central bank has now kept US interest rates steady for just over 13 months. The...

    Articles 2007-08-07

  • Correction: Dr. Bryan Jepson

    Dr. Bryan Jepson, the author of "Changing the Course of Autism," will speak today at a conference that runs from 5 p.m. to 10 p.m. at Horizon Financial, 9890 S. 300 West. The time was incorrectly reported in Friday's paper. For reservations, go to www.portershope.com. Once the doors are closed...

    Articles 2007-07-28

  • Horizon Financial's EPS Rises 11% in Fiscal 1Q08; Generates 10% Loan Growth with Solid Asset Quality

    BELLINGHAM, Wash. -- Horizon Financial Corp. (NASDAQ:HRZB) today reported that strong loan growth supported by a robust business climate, generated record profits in the first quarter of fiscal 2008, ended June 30, 2007. Horizon earned $5.0 million or $0.41 per diluted share, up 11% from $0.37 per...

    Articles 2007-07-19

  • Horizon Financial Designated a Sandler O'Neill Bank and Thrift Sm-All Star Again in 2007

    BELLINGHAM, Wash. -- Horizon Financial Corp. (NASDAQ:HRZB) announced today it was named to the prestigious Sandler O'Neill and Partners Bank and Thrift Sm-All Stars -- Class of 2007. Sandler O'Neill also named Horizon as one of the top performing, publicly traded small-cap banks and thrifts in the...

    Articles 2007-07-17

  • Horizon Financial Increases Quarterly Cash Dividend to $0.13; Schedules Fiscal First Quarter 2008 Conference Call

    BELLINGHAM, Wash. -- Second graph, second sentence should read ... Horizon Bank expects to report results for the first quarter of fiscal 2008 (sted ... fourth quarter and fiscal 2007). The corrected release reads: HORIZON FINANCIAL INCREASES QUARTERLY CASH DIVIDEND TO $0.13; SCHEDULES...

    Articles 2007-06-27

  • Financial Reporting Issues for Financial Institutions

    DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c57667) has announced the addition of "Financial Instruments and Institutions: Accounting and Disclosure Rules, 2nd Edition" to their offering. Second Edition "Financial Instruments and Institutions is a superbly informative integrated treatment of institutional, analytical, and financial reporting...

    Articles 2007-05-23

  • Nu Horizons Electronics Corp. Reports Fourth Quarter and Record Full-Year Results for Fiscal 2007

    * Full Year Net Sales increased 31% to a record $737 million * Full Year Diluted EPS increased 89% to 53 cents per share MELVILLE, N.Y. -- Nu Horizons Electronics Corp. (Nasdaq/NM: NUHC), a leading distributor of electronic components, today reported financial results...

    Articles 2007-05-08

  • page 1 of 1
  • Incorporated: 1995
  • CEO: Mr. Richard P. Jacobson
  • Employees: 272

Horizon Financial is a bank holding company. Through its subsidiary, Horizon Bank (the Bank), Co. provides a range of commercial and mortgage lending services to borrowers as well as a range of customer services to depositors. As f Mar 31 2008, Co. provided these services through 19 full-service office facilities, four commercial loan centers and four real estate loan centers, located in Whatcom, Skagit, Snohomish and Pierce counties in Northwest Washington. The Bank originates both fixed rate and adjustable rate mortgages secured by residential, business, and commercial real estate. As of Mar 31 2008, Co. had total assets of $1.39 billion and total deposits of $1.04 billion.

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Horizon Financial Corp. Company Info

Board of Directors

Mr. V. Lawrence Evans

Chairman

Mr. Richard R. Haggen

Mr. Robert C. Tauscher

Mr. Richard P. Jacobson

Mr. Robert C. Diehl

Mr. Gary E. Goodman

Mr. Dennis C. Joines

Mr. James A. Strengholt

Contact Information

1500 Cornwall Avenue

Bellingham, WA

http://www.horizonbank.com

360 733-3050

NAICS Code

Other Depository Credit Intermediation: 522190
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