Bank failure Friday

January 9, 2010

Only one failure last night (the first of the new year and the first since the week before Christmas).

#1

  • 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)
No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/