Bank failure · WA
Horizon Bank (Bellingham, WA) — failed January 8, 2010
Horizon Bank of Bellingham, Washington was closed on January 8, 2010 and resolved through a purchase and assumption. Washington Federal Savings and Loan Association (WA) took over its insured deposits. At failure it held $1.2B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $205.5M (17.3% of assets).
- Closing date
- January 8, 2010
- FDIC certificate #
- 22977
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Washington Federal Savings and Loan Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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