Bellingham-based Horizon Bank will open a new branch in Marysville this year and establish a new regional office in Everett next year as it moves to expand its presence in Snohomish County.
Expanding in the county is "the next thing on our drawing board," said Dennis Joins, Horizon’s president and chief operating officer. "There’s a tremendous opportunity for us there. We just need to broaden our footprint to take advantage of those opportunities."
Horizon will open its sixth branch this fall in the Plaza 88 shopping center in Marysville, at 3700 88th St. NE. The bank will build the branch on vacant land it owns in the center, Joins said.
Horizon recently acquired a building near the intersection of 100th Street SW and Evergreen Way, which will become a new regional support center for the bank’s southern branches.
The new center will open in late 2005, Joins said. The bank plans to move its Everett branch, now at 909 SE Everett Mall Way, into the new location, where the bank also will have commercial lending officers and a training center.
With the changes, Horizon will have six branches in the county and a new headquarters for running Horizon’s southern branches, Joins said.
"It will give us a bigger presence in Everett and Snohomish County as a whole," he said. "We’re getting some good business out of it now. We’d like to get more of our share."
As of June 2003, Horizon Bank had about $79.7 million in deposits in Snohomish County, giving it about 1.3 percent of the market share here, according to the Federal Deposit Insurance Corp.
Reporter Bryan Corliss: 425-339-3454 or corliss@heraldnet.com.
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