Rochester, NY 7/10/2009 11:47:25 PM
News / Finance

Early Afternoon Report - HRZB - Horizon Financial Reports Fiscal 2009 ResultsFinancial Results

Horizon Financial Corp.,HRZB

Early Afternoon Report - HRZB - Horizon Financial Reports Fiscal 2009 ResultsFinancial Results

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Horizon Financial Corp.,HRZB

Last Trade:          1.45
Day's Range:      1.45 - 1.47
52wk Range:    0.77 - 10.98
Volume:               340

COMPANY "In The News"

Horizon Financial Corp. the bank holding company for Horizon Bank ("Bank"), today reported that a $40.0 million provision for loan losses contributed to a net loss of $25.7 million, or $2.15 per share, for the fiscal fourth quarter ended March 31, 2009. The net loss totaled $33.4 million, or $2.79 per share, including a $65.0 million loan loss provision for the year ended March 31, 2009.

COMPANY DETAILS

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.
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