# HORIZON BANK

> **Failed bank** · BELLINGHAM, WA · failed 2010-01-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $205M

## What happened

HORIZON BANK of BELLINGHAM, WA was closed by regulators on **2010-01-08**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **WASHINGTON FEDERAL SAVINGS AND LOAN ASSOCIATION** (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3734
- **FDIC Certificate:** 22977
- **FDIC FIN:** 10168
- **Bank name:** HORIZON BANK
- **Location:** BELLINGHAM, WA
- **Failure date:** 2010-01-08
- **FDIC resolution date:** 2010-01-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $205M
- **Deposits at failure:** $1,049M
- **Assets at failure:** $1,189M
- **Acquiring bank:** WASHINGTON FEDERAL SAVINGS AND LOAN ASSOCIATION (SEATTLE, WA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HORIZON%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HORIZON BANK (FDIC ID 3734), failed 2010-01-08. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3734.

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