Top Performing Bank-the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021
October 28 2021 - 8:59AM
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.
The Piper Sandler Sm-All Stars is awarded to the
35 highest performing small-cap banks and thrifts in the country,
with an objective to identify “the next crop of stellar mid-cap
banks before they are discovered by the rest of the world.”
To earn Sm-All Star status, companies must have
a market cap below $2.5 billion and meet several performance
hurdles related to profitability, credit quality, capital strength,
and growth, including outperforming industry medians in return on
average equity and deposit, loan, and earnings per share growth.
HVB was the smallest institution by market cap and asset size to
achieve this honor.
Travis J. Thompson, Esq., Chairman & CEO, commented, “This
award recognizes HV Bancorp as a member of an elite group of 35 of
the highest performing Small-Cap Banks and Thrifts in the country.
We celebrate and truly appreciate the dedication of the HVB team
who remain acutely focused on our mission to Bring Joy To Our
Customers Through Banking.”
About HV Bancorp, Inc.
HV Bancorp, Inc. (Nasdaq Capital Market: HVBC)
is a bank holding company headquartered in Doylestown, PA. Through
its wholly owned subsidiary Huntingdon Valley Bank, we primarily
serve communities located in Montgomery, Bucks and Philadelphia
Counties in Pennsylvania, New Castle County in Delaware, and
Burlington County in New Jersey from our executive office, eight
full service bank offices and one limited service bank office. We
also operate four loan production offices in our geographical
footprint.
Forward-Looking StatementsCertain statements
contained herein are "forward looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements may be identified by reference to a future period or
periods, or by the use of forward looking terminology, such as
"may," "will," "believe," "expect," "estimate," "anticipate,"
"continue," or similar terms or variations on those terms, or the
negative of those terms. Such forward-looking statements are
subject to risk and uncertainties described in our SEC filings,
which could cause actual results to differ materially from those
currently anticipated due to a number of factors, which include,
but are not limited to, the negative impact of severe wide-ranging
and continuing disruptions caused by the spread of coronavirus
COVID-19 on current operations, customers and the economy in
general, changes in interest rate environment, increases in
nonperforming loans, legislative and regulatory changes that
adversely affect the business of the Company and the Bank, and
changes in the securities markets. Except as required by law, the
Company does not undertake any obligation to update any
forward-looking statements to reflect changes in belief,
expectations or event.
Contact: Joseph C. O’Neill, Jr.,EVP/ Chief
Financial Officer(267) 280-4000
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