Horizon Financial Corp. Updates Fiscal 3Q09 Conference Call Schedule


BELLINGHAM, Wash., Jan. 22, 2009 (GLOBE NEWSWIRE) -- Horizon Financial Corp. (Nasdaq:HRZB) today announced that it will host a conference call at 2:00 p.m. PST (5:00 p.m. EST) on January 29, 2009, to discuss fiscal 2009 third quarter results, for the quarter ended December 31, 2008. Horizon will distribute its earnings announcement before the market opens that day.

To participate in the live call, please dial the following number five to ten minutes prior to the scheduled conference call time: 303-262-2200. The conference call will also be webcast live and may be accessed at Horizon's website: http://www.horizonbank.com.

For those unable to participate during the live broadcast, a replay will be available for one month beginning shortly after the call concludes, at 303-590-3000 using access code 11125651# or the web at http://www.horizonbank.com.

About Horizon Financial Corp.

Horizon Financial Corp. is a $1.45 billion, state-chartered bank holding company headquartered in Bellingham, Washington. Its primary subsidiary, Horizon Bank, is a state-chartered commercial bank that operates 19 full-service offices, four commercial loan centers and four real estate loan centers throughout Whatcom, Skagit, Snohomish and Pierce counties, Washington.

Safe Harbor Statement: Except for the historical information in this news release, the matters described herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include: the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write-offs, results of examinations by our banking regulators, our ability to increase our capital and manage our liquidity, our ability to manage loan delinquency rates, the ability to successfully expand existing relationships, deposit pricing and the ability to gather low-cost deposits, success in new markets and expansion plans, expense management and the efficiency ratio, expanding or maintaining the net interest margin, interest rate risk, the local and national economic environment, and other risks and uncertainties discussed from time to time in Horizon Financial's filings with the Securities and Exchange Commission ("SEC"). Accordingly, undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. Horizon undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Investors are encouraged to read the SEC report of Horizon, particularly its Form 10-K for the fiscal year ended March 31, 2008, and its Form 10-Q filings for the quarters ended June 30, 2008, and September 30, 2008, for meaningful cautionary language discussion why actual results may vary from those anticipated by management.


            

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