Horizon Financial Company Description
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.
View the Comprehensive Company Description for Horizon Financial
The Company Description provides a historical perspective of Horizon Financial's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Horizon Financial's evolution in the marketplace.
