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Community Spotlight

Press Releases

 

HV BANCORP, INC. TO COMMENCE STOCK OFFERING

Huntingdon Valley, PA – November 17, 2016 – Huntingdon Valley Bank announced today that HV Bancorp, Inc., a newly formed
corporation that is the proposed holding company for Huntingdon Valley Bank, is commencing its stock offering in connection with
Huntingdon Valley Bank’s mutual-to-stock conversion.

HV Bancorp, Inc. is offering between 1,402,500 and 2,182,125 shares of common stock for sale at $10.00 per share. After the
completion of the conversion and offering, HV Bancorp, Inc. will be 100% owned by public shareholders. The completion of the
conversion and offering is subject to, among other things, selling a minimum of 1,402,500 shares in the offering, the receipt of all
necessary final regulatory approvals and the approval of the members (depositors and certain borrowers) of Huntingdon Valley Bank
eligible to vote at a special meeting to be held on January 4, 2017.

On or about November 19, 2016, offering materials will be mailed to Huntingdon Valley Bank depositors and certain borrowers
eligible to purchase shares in the subscription offering. Proxy solicitation materials will also be mailed to members of Huntingdon
Valley Bank eligible to vote. Shares of common stock not sold in the subscription offering may be offered for sale in a community
offering to the general public, with a preference given to those residing in Bucks, Chester, Delaware, Montgomery or Philadelphia
Counties. The subscription offering and community offering, if any, are expected to expire at 5:00 p.m., Eastern Time, on
December 13, 2016. The members’ meeting will be held on January 4, 2017.

HV Bancorp, Inc. has established a Stock Information Center to handle inquiries of its depositors, certain borrowers, and other
prospective investors with respect to the subscription and community offerings. Copies of the prospectus and order forms for ordering
stock in the subscription and community offerings may only be obtained from the Stock Information Center. The Stock Information
Center’s telephone number is (215) 392-6070. The Stock Information Center will open on Monday, November 28, 2016, and hours of
operation will be from 10:00 a.m. to 4:00 p.m., Eastern Time, Monday through Friday. The Stock Information Center will be closed
on bank holidays.

Sandler O’Neill & Partners, L.P. is HV Bancorp, Inc.’s selling agent in the subscription and community offerings. Luse Gorman, PC
is serving as legal counsel to HV Bancorp, Inc.

Forward-Looking Statements
This press release contains certain forward-looking statements about the conversion and offering. Forward-looking statements include
statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current
facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such
as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties.
Certain factors that could cause actual results to differ materially from expected results include: delays in consummation of the
transactions contemplated by the Plan of Conversion; difficulties in selling the conversion stock or in selling the conversion stock
within the expected time frame; risks related to the real estate and economic environment, particularly in the market areas in which
Huntingdon Valley Bank operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting
financial institutions, including regulatory compliance costs and capital requirements; changes in prevailing interest rates; credit risk
management; asset-liability management; and other risks described in HV Bancorp, Inc.’s filings with the Securities and Exchange
Commission.

HV Bancorp, Inc. wishes to caution readers not to place undue reliance on any such forward looking statements, which speak only as
of the date made. HV Bancorp, Inc. wishes to advise readers that the factors listed above could affect HV Bancorp, Inc.’s financial
performance and could cause HV Bancorp, Inc.’s actual results for future periods to differ materially from any opinions or statements
expressed with respect to future periods in any current statements. HV Bancorp, Inc. does not undertake and specifically declines any
obligation to publicly release the results of any revisions that may be made to any forward looking statements to reflect events or
circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

A registration statement relating to these securities has been filed with the United States Securities and Exchange
Commission. This release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer will be made
only by means of the written prospectus forming part of the registration statement (and, in the case of the subscription and
community offering, an accompanying stock order form).

The shares of common stock of the new holding company are not deposits or accounts, may lose value and are not insured by
the Federal Deposit Insurance Corporation or any other government agency.

 

 

Huntingdon Valley Bank is proud to announce its newest Board of Trustees Member,

Managing Principal of Cresa, John D. Behm.

 John D. Behm

“I was thrilled to receive an invitation to join the HVB Board. To be a part of an organization poised to do some great things is exciting and challenging. HVB is uniquely positioned to support the expanding financial needs of its current customers – and those that will join us tomorrow” says Behm.

Since 1871, Huntingdon Valley Bank has remained a respected name in the communities of both Montgomery and Bucks counties. As a trustee member, Behm’s goal is to be able to support the customers of the bank, represent the values of the bank in the community, and implement a sustainable plan enabling the bank to realize its immediate and long-term goals.

In his initial exposure to Huntingdon Valley Bank, Mr. Behm recognized that this is an organization comprised of hard-working individuals committed to the success of the bank and their community. “ There is a difference at HVB: a clear focus on being the best service provider to its community. Pride, Commitment, and Integrity are just a few of the core values apparent in the bank” stated Behm.

Huntingdon Valley Bank’s mission is to create an experience for customers that is unique and memorable. Everyday, all day, we will reach out to provide unequalled service to our customers. We aspire to become an indispensable partner for our customer base, offering an assortment of products and continue to be a leader in Residential Mortgage lending.

We welcome Mr. Behm to the Huntingdon Valley Bank and look forward to his contributions in growing our bank.

 

 

 

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