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Hatboro Federal Savings Reports Good Earnings for 2013

Hatboro Federal Savings President and CEO Joseph J. Tryon, Jr. is pleased to announce good earnings for the bank as of December 31, 2013.

"In 2013, while many financial institutions in America struggled to survive, Hatboro Federal posted good earnings. Our total assets were more than $516 million, deposit accounts were more than $410 million, and we closed the year with just under $74 million in excess capital," says Tryon. "We thank our customers and employees for helping us achieve another strong, stable and successful year."

In 2012, the Federal Deposit Insurance Corporation (FDIC) ranked Hatboro Federal among the Philadelphia region's top 50 banks. Bauer Financial, an independent financial rating institution, awards Hatboro Federal its highest 5-star rating year after year. In 2011, the Pennsylvania Association of Community Bankers (PACB) presented the bank with a Regional Community Service Award. That same year the bank earned a score of 100% for customer service by Consumer's Checkbook Magazine as reported by CBS-TV's 3 On Your Side. Hatboro Federal also received the 2013 Lifetime Business Achievement Award by the Central Bucks Chamber of Commerce.

Hatboro Federal Savings, one of Bucks and Eastern Montgomery Counties' leading community banks, was chartered by the Federal Home Loan Bank Board in February 1941. Headquartered at 221 S. York Road, in Hatboro, PA, Hatboro Federal also has branch offices in Warminster, Warrington and Jamison, offering financial products and services to individuals and families.

For more information, log on to www.hatborofed.com, or call 215.675.4000. Media Contact: Daurelle Golden Harris, 215.262.8891, westscot@comcast.net

 


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