Bank failure Friday
Only one failure last night (the first of the new year and the first since the week before Christmas).
- Failed bank: Horizon Bank, Bellingham WA
- Acquiring bank: Washington Federal S&L, Seattle WA
- Vitals: assets of $1.3 billion, deposits of $1.1 billion
- Estimated DIF damage: $539m (loss rate 41% of assets)
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