TheStreet.com regularly puts together a list of the most undercapitalized banks. Here is the latest (list,), through Sept. 30. This list of banks is grouped by state on this link, but it can be ranked by Tier 1 leveraged ratio. Horizon is ranked 7th highest on the list, one behind Orion Bank, which was closed on Friday, Nov. 13. Everett-based Frontier Bank is ranked 45th in the U.S.
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By Dave Gallagher
Dave Gallagher is the business editor at The Bellingham Herald. He has been reporting on the Whatcom County business community for nearly 10 years. Dave's goal is reporting the latest news and trends in Whatcom County and discussing how it might impact readers. Before coming to Whatcom County in 1997, Dave worked at The Times-Standard in Eureka, Calif. He graduated with a journalism degree from Humboldt State University in Arcata, Calif. in 1992.
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