Horizon Bank closed by regulators [Seattle Times]

The Seattle Times has a few details about the closure of its local bank, Horizons, that weren't mentioned on Friday by the FDIC. According to the FDIC "the total of all deposit accounts, excluding the Cede & Co. brokered deposits, have been assumed by Washington Federal." The article had some more details:

The FDIC also expects to pay out $188 million to cover high-interest deposits brought to the bank by brokers

I reviewed Horizon Bank's closure in this Friday post.