Horizon Financial Corp. (HRZB) CEO to Ring the NASDAQ Stock Market Closing Bell

ADVISORY, Oct. 30, 2006 (PRIMEZONE) --

What: Laury Evans, CEO of Horizon Financial Corp. (HRZB) will preside over the closing bell to celebrate its 20-year listing anniversary on the NASDAQ. Horizon Financial Corp. is a member of The NASDAQ Bank Index. This index contains securities of NASDAQ-listed companies classified according to the Industry Classification Benchmark as Banks. They include banks providing a broad range of financial services, including retail banking, loans and money transmissions. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Tuesday October 31st 2006 at 4:00 p.m. EST Contacts: Rich Jacobson, CFO (360) 756-2566 rich.jacobson@horizonbank.com Bellinda Oosterwyk, Marketing Dept Manager (360) 756-2568 bellinda.oosterwyk@horizonbank.com NASDAQ MarketSite: Stephanie Lowenthal; 646.441.5220

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Horizon Financial Corp. (HRZB):

Horizon Financial Corp. is a $1.2 billion, state-chartered bank holding company headquartered in Bellingham, Washington. The Corporation's primary subsidiary, Horizon Bank, operates 18 full-service offices, four commercial loan centers and four real estate loan centers throughout Whatcom, Skagit, Snohomish and Pierce Counties.

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