BELLINGHAM, Wash. -- Horizon Bank declared a cash dividend of 8 cents a share and a 25% common stock dividend in the form of a split. The cash dividend is payable July 30 to stockholders of record on July 6.

The 5-for-4 split, for stockholders of record on July 15, is to take effect Aug. 5. It will be the fifth since the $363 million-asset thrift went public in August 1986.

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