Business NewsMarketWire • Washington Federal Acquires Loans and Deposits of Horizon Bank of Bellingham, Washington

Washington Federal Acquires Loans and Deposits of Horizon Bank of Bellingham, Washington

Washington Federal Acquires Loans and Deposits of Horizon Bank of Bellingham, Washington

SEATTLE, WA--(Marketwire - January 8, 2010) - Washington Federal, Inc. (NASDAQ: WFSL), parent company of Washington Federal, today announced its acquisition of certain assets and liabilities, including most of the loans and deposits, of Horizon Bank, headquartered in Bellingham, Washington. As of September 30, 2009, Horizon reported total assets of $1.3 billion and total deposits of $1.2 billion. Horizon Bank operated 18 full-service offices, four commercial loan centers and four real estate loan centers throughout Whatcom, Skagit, Snohomish and Pierce Counties in Washington.

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Washington Federal Acquires Loans and Deposits of Horizon Bank of Bellingham, Washington