HV Bancorp

HV Bancorp, Inc. operates as a bank holding company, which engages in the investment in securities and owning the common stock of Huntingdon Valley Bank. It operates in Bucks, Montgomery, and Philadelphia counties, Pennsylvania. Its loans receivable portfolio is segmented into Residential, Commercial, Construction, and Consumer loans. The company was founded on December 12, 2013 and is headquartered in Doylestown, PA.

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Huntingdon Valley Bancorp is the holding company for Huntingdon Valley Bank, a community bank that provides both consumer and commercial banking services. The company has assets exceeding $500 million and a growing network of retail offices and mortgage banking professionals dedicated to helping customers reach their financial goals.

Citizens Financial Services Inc

MANSFIELD, Pa. , June 16, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ: CZFS) (the "Company" or "CZFS"), the holding company for First Citizens Community Bank ("FCCB"), completed its merger with HV Bancorp, Inc. (NASDAQ: HVBC) and FCCB completed its merger with HVBC's subsidiary bank, Huntingdon Valley Bank ("HVB").

Citizens Financial Services, Inc. Announces Completion of Merger with HV Bancorp, Inc.

MANSFIELD, Pa. , June 9, 2023 /PRNewswire/ -- Citizens Financial Services, Inc. (NASDAQ: CZFS) ("CZFS") announced today that the exchange ratio for the pending merger HV Bancorp, Inc. ("HVBC") with and into CZFS has been finalized at 0.4040 shares of CZFS stock for each share of HVBC stock.

Exchange Ratio Finalized for Citizens Financial Services, Inc. Pending HV Bancorp, Inc. Merger

Citizens Financial Services, Inc. and HV Bancorp, Inc. Announce Election Deadline

DOYLESTOWN, Pa., Feb. 17, 2023 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the year ended December 31, 2022. Net income for the year ended December 31, 2022, was $2.2 million ($1.12 per basic share and $1.06 per diluted share) versus net income of $4.1 million ($2.04 per basic share and $1.98 per diluted share), for the year ended December 31, 2021. For 2022, net interest income increased to $18.8 million and net interest margin continues to improve, increasing to 3.42% for the year ended December 31, 2022 compared to 2021.

HV Bancorp, Inc. Reports Results for the Year Ended December 31, 2022

DOYLESTOWN, Pa., Nov. 04, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the quarter and nine months ended September 30, 2022. Net income for the quarter ended September 30, 2022, was $705,000 or ($0.35 per basic share and $0.34 per diluted share) versus net income of $640,000 or ($0.33 per basic share and $0.31 per diluted share) for the quarter ended June 30, 2022.

HV Bancorp, Inc. Reports Results For The Quarter Ended September 30, 2022

NEW YORK , Oct. 24, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of HV Bancorp, Inc. ("HV Bancorp" or the "Company") (NASDAQ: HVBC), in connection with the proposed merger of the Company with Citizens Financial Services, Inc. (NASDAQ: CZFS). Under the merger agreement, HV Bancorp shareholders will have the right to elect to receive for each share of HV Bancorp common stock owned, either $30.50 in cash or 0.400 shares of CZFS common stock.

SHAREHOLDER ALERT: Weiss Law Investigates HV Bancorp, Inc.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C.

HV BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HV Bancorp, Inc. - HVBC

Wilmington, Delaware--(Newsfile Corp. - October 20, 2022) - Rigrodsky Law, P.A. is investigating HV Bancorp, Inc. ("HV Bancorp") (NASDAQ: HVBC) regarding possible breaches of fiduciary duties and other violations of law related to HV Bancorp's agreement to be acquired by Citizens Financial Services, Inc. ("Citizens Financial"). Under the terms of the agreement, HV Bancorp's shareholders will receive either $30.50 in cash or 0.4000 shares of Citizens Financial's common stock per share.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating HV Bancorp, Inc. Buyout

MILWAUKEE , Oct. 20, 2022 /PRNewswire/ -- Ademi LLP is investigating HV Bancorp (NASDAQ: HVBC) for possible breaches of fiduciary duty and other violations of law in its transaction with CZFS.  Click here to learn how to join the action https://www.ademilaw.com/case/hv-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether HV Bancorp, Inc. has obtained a Fair Price in its transaction with CZFS

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HV Bancorp, Inc. (NASDAQ: HVBC) to Citizens Financial Services, Inc. is fair to HV Bancorp shareholders.

HVBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HV Bancorp, Inc. Is Fair to Shareholders

Citizens Financial Services, Inc. and HV Bancorp, Inc. Sign Definitive Merger Agreement

DOYLESTOWN, Pa., Aug. 19, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (hereinafter the “Company” ) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank a/k/a HVB the better experience Bank (hereinafter “HVB”), announced the following:

HV Bancorp, Inc. Participates First Commercial Loan to the MakerDAO Protocol and the DAI Stable Coin

DOYLESTOWN, Pa., Aug. 05, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the quarter and six months ended June 30, 2022. Net income for the quarter ended June 30, 2022, was $640,000 or ($0.33 per basic share and $0.31 per diluted share) versus net income of $1.3 million or ($0.65 per basic share and $0.63 per diluted share). Net income for the six months ended June 30, 2021, was $1.2 million ($0.63 per basic share and $0.60 per diluted share) versus net income of $2.6 million ($1.30 per basic share and $1.27 per diluted share). For the quarter and six months ended June 30, 2022, net interest income increased 24.4% and 18.1% to $4.4 million and $8.0 million over the same periods of the prior year.

HV Bancorp, Inc. Reports Results For The Quarter Ended June 30, 2022

DOYLESTOWN, Penn., May 06, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the quarter ended March 31, 2022. Net income for the quarter ended March 31, 2022, was $601,000 ($0.30 per basic share of common stock and $0.29 per diluted share of common stock) versus net income of $1.3 million ($0.66 per basic share of common stock and $0.65 per diluted share of common stock) for the quarter ended March 31, 2021. Book value per share increased from $18.32 per share of common stock to $19.13 per share of common stock at March 31, 2022 over the same period. For the quarter ended March 31, 2022, net interest income was $3.6 million and continues to expand with an increase 11% over the first quarter of the prior year.

HV Bancorp, Inc. Reports Results For the Quarter Ended March 31, 2022

DOYLESTOWN, Pa., Feb. 18, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the year ended December 31, 2021. Net income for the year ended December 31, 2021, was $4.1 million ($2.04 per basic share of common stock and $1.98 per diluted share of common stock) versus net income of $5.8 million ($2.84 per basic and diluted shares of common stock) for the year ended December 31, 2020. This resulted in shareholders' equity increasing 9.5% from $38.9 million at December 31, 2020, to $42.6 million at December 31, 2021, and book value per share increasing from $17.78 per share of common to 19.64 per share of common stock over the same period. Net income for the quarter ended December 31, 2021 was $351,000 ($0.18 per basic share of common stock and $0.17 diluted share of common stock) versus $1.1 million ($0.56 per basic share of common stock and $0.54 per diluted share of common stock) compared to the prior quarter. For the year ended December 31, 2021, Net Interest Income was $14.5 million, representing an increase 36% over the prior year.

HV Bancorp, Inc. Reports Results for the Year Ended December 31, 2021

Allan Burkley, Former SVP, C&I Lending at Meridian Bank and Team of Commercial Lenders Join HVB Allan Burkley, Former SVP, C&I Lending at Meridian Bank and Team of Commercial Lenders Join HVB

Fast Growing Huntingdon Valley Bank Expands; Adds Key Commercial Team

DOYLESTOWN, Pa., Nov. 05, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the quarter and nine months ended September 30, 2021. Net income for the quarter ended September 30, 2021, was $1.1 million ($0.56 per basic share of common stock and $0.54 per diluted share of common stock) versus net income of $2.1 million ($1.02 per basic and diluted shares of common stock), for the quarter ended September 30, 2020. Net income for the nine months ended September 30, 2021 was $3.7 million ($1.86 per basic share of common stock and $1.82 per diluted share of common stock) versus net income of $3.7 million ($1.82 per basic and diluted shares of common stock) for the nine months ended September 30, 2020.

HV Bancorp, Inc. Reports Results For The Quarter Ended September 30, 2021

DOYLESTOWN, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank “HVB”, has been named to the prestigious Piper Sandler Bank & Thrift Sm-All Stars Class of 2021.

Top Performing Bank-the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021

DOYLESTOWN, Pa., Oct. 26, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc., the parent company of Huntingdon Valley Bank, announced that Vice-Chairman Robert J. ‘Bob' Marino has been appointed President of HV Bancorp, Inc., and its subsidiary, Huntingdon Valley Bank (HVB). Mr. Marino will join an executive team of accomplished bankers and help guide the next phase of Huntingdon Valley Bank's explosive growth. HVB continues its work toward being the premiere community bank in the greater Philadelphia area.

HV Bancorp, Inc. Appoints Robert J. “Bob” Marino President

DOYLESTOWN, Pa., Aug. 06, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the Company for the quarter and six months ended June 30, 2021. Net income for the quarter ended June 30, 2021 was $1.3 million or ($0.65 per basic share and $0.63 per diluted share) versus net income of $1.5 million or ($0.73 per basic and diluted shares), for the quarter ended June 30, 2020. Net income for the six months ended June 30, 2021 was $2.6 million ($1.30 per basic share and $1.27 per diluted share) versus net income of $1.6 million ($0.80 per basic and diluted shares) for the six months ended June 30, 2020.

HV Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2021

DOYLESTOWN, Pa., June 01, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), announced today the completion of its private placement of $10 million of a 4.50% Fixed to Floating Rate Subordinated Note (the “Note”).

HV Bancorp, Inc. Closes on a $10 Million Fixed to Floating Rate Subordinated Note

DOYLESTOWN, Pa., May 07, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported results for the Company for the quarter ended March 31, 2021.  At quarter end March 31, 2021, the Company held total assets of $595.7 million (67.5% over first quarter 2020), total deposits of $477.2 million (71.5% increase over first quarter 2020) and total equity of $39.9 million (18.0% increase over first quarter 2020).  Highlights in the first quarter of 2021 include net earnings of $1.3 million, or $0.66 per basic share and $0.65 per diluted share, vs. net earnings of $149,000, or $0.07 per basic and diluted share in 2020.  For the quarter end March 31, 2021, ROA and ROE was 0.78% and 13.79%, respectively.  Shareholders' equity increased 18.0% from $33.8 million at March 31, 2020, to $39.9 million at March 31, 2021, which increased book value for the Company from $14.97 per share to $18.32 per share over the same period.

HV Bancorp, Inc. Reports 66 Cents per Share for the Quarter Ended March 31, 2021

DOYLESTOWN, Pa., Feb. 23, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”) announced today that the Board of Directors approved a plan to repurchase, in open market and privately negotiated transactions, up to 100,000 shares of the Company's outstanding common stock, which may be adjusted for future stock dividends, stock splits or other similar transactions. This repurchase plan will supplement the previously announced repurchase plan which is nearly complete. The Company believes the repurchase of its stock may increase the return on equity and the net income per share of the remaining outstanding shares of common stock and enhance long-term shareholder value. The purchases are funded with liquidity based on capital levels in excess of regulatory requirements. These stock repurchases are not expected to have a material impact on capital levels due to the consistent nature of the buyback plans. The specific prices, numbers of shares and timing of purchase transactions will be determined by the Company from time to time in its sole discretion.

HV Bancorp, Inc. Announces Common Stock Repurchase Program

DOYLESTOWN, Pa., Feb. 19, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported results for the Company for the quarter ended December 31, 2020.  At quarter end, the Company held total assets of $861.6 million (143.0% over prior year), total deposits of $730.8 million (157.5% increase over prior year) and total equity of $38.9 million (15.8% increase over prior year).  Highlights in the quarter include a record 895% growth in net earnings over the same period in 2019 of $2.1 million, or $1.02 per basic and diluted share, vs. net earnings of $207,000, or $0.10 per basic and diluted share in 2019.  For the year ended December 31, 2020, net earnings increased 471% over the same period in 2019 of $5.8 million, or $2.84 per basic and diluted share vs. net income of $1.0 million, or $0.49 per basic and diluted share.  For the quarter end December 31, 2020, ROA and ROE totaled 1.54% and 23.74%, respectively.  Shareholders' equity increased 15.8% from $33.6 million at December 31, 2019, to $38.9 million at December 31, 2020, which increased book value for the Company from $14.81 per share to $17.78 per share over the same period.

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