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Saturday, November 28, 2009, 6:21AM ET - U.S. Markets Closed. Dow Down 1.48% Nasdaq Down 1.73%
Horizon Financial Corp. (HRZB)On Nov 27: 0.33  Up 0.03 (10.00%)  
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Horizon Financial Corp.
1500 Cornwall Avenue
Bellingham, WA 98225
United States - Map
Phone: 360-733-3050
Fax: 360-733-7019
Web Site: http://www.horizonbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Savings & Loans
Full Time Employees:224

BUSINESS SUMMARY 
Horizon Financial Corp. operates as the bank holding company for Horizon Bank that provides commercial banking services in Washington. It generates various deposit products, including savings accounts, nonnegotiable time deposits, certificates of deposit, individual retirement accounts, qualified retirement plans, transaction accounts, and money market deposit accounts. The company originates various loan products comprising loans secured by mortgages on one-to-four family residential and multi-family residential properties; construction and land development loans; commercial loans and commercial real estate loans; and consumer loans, including home equity loans, home equity lines of credit, loans secured by deposit accounts, unsecured loans, and loans for mobile homes located in mobile home parks, as well as loans secured by personal property, including automobiles, boats, and other vehicles. As of March 31, 2009, it operated 18 full-service facilities, 4 commercial loan centers, and 4 real estate loan centers in Whatcom, Skagit, Snohomish, and Pierce counties in northwest Washington. The company was founded in 1922 and is headquartered in Bellingham, Washington.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    Horizon Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 37.3% of CGQ Universe companies and 21.5% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Richard P. Jacobson , 46
    Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chief Exec. Officer of Horizon Bank, Pres of Horizon Bank of Horizon Bank
    $ 220.00K $ 0
    Ms. Kelli J. Holz C.P.A., 40
    Interim Chief Financial Officer, Principal Accounting Officer, Sr. VP, Corp. Sec., Interim Chief Financial Officer of Horizon Bank, Sr. VP of Horizon Bank and Controller of Horizon Bank
    N/A N/A
    Mr. Robert A. Pingle ,
    Chief Operating Officer and Chief Operating Officer of Horizon Bank
    N/A N/A
    Mr. William N. Gasperetti , 62
    Chief Credit Officer of Horizon Bank and Exec. VP of Horizon Bank
    N/A N/A
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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