Key Developments For Horizon Financial Corp (Wash)
Horizon Financial Corp (Wash) (HRZB.O) (Nasdaq)
Horizon Financial Corp. Announces Resignation Of Chief Financial Officer- StreetInsider.com
StreetInsider.com reported that Horizon Financial Corp has the accepted the resignation of Greg B. Spear as the Chief Financial Officer and Secretary of both the Company. His resignation is effective as of September 3, 2009.
Horizon Financial Corp. Suspends Quarterly Cash Dividend
Horizon Financial Corp. announced that its Board of Directors decided to suspend the quarterly cash dividend previously paid on shares of its common stock.
Horizon Financial Corp. Announces Strategic Staff Reduction
Horizon Financial Corp. announced a strategic staff reduction as part of ongoing efforts to reduce operating expenses in this challenging operating environment. These reductions in personnel, along with strategic reductions in other noninterest expense areas, are expected to result in over $3 million in expense savings on an annualized basis.
Horizon Financial Corp. Names Greg B. Spear As Chief Financial Officer
Horizon Financial Corp. announced that Greg B. Spear has been hired to be its Chief Financial Officer. Rich Jacobson has been acting as the interim CFO since his promotion to CEO on January 1, 2008.
Horizon Financial Corp. Announces Quarterly Cash Dividend Of $0.05 Per Share
Horizon Financial Corp. announced that its Board of Directors has reduced its quarterly cash dividend to $0.05 per share from $0.135 per share, acknowledging the importance of preserving capital in times of economic uncertainty.
