Fast Growing Huntingdon Valley Bank Expands; Adds Key Commercial Team
February 16 2022 - 12:49PM
HVB Bancorp, Inc., the parent company of Huntingdon Valley Bank,
announced the opening of a new Commercial Banking Office to be led
by newly appointed Market President, Allan Burkley, former SVP and
Team Leader, C&I Lending at Meridian Bank. Joining Burkley are
his three former colleagues from Meridian, SVP, William McDougall,
VP, Rosen Nenchev, and Relationship Manager, Ryan Mundy. The new
Commercial Banking Office will be located in Media, PA, HVB’s first
office in Delaware County.
Bob Marino, President & Vice Chairman,
commented, “We are thrilled to welcome Allan Burkley and his team
to Huntingdon Valley Bank. As we stated in November 2021, we will
continue to grow our Business Banking Group by adding teams of
experienced commercial bankers in the market.”
The new commercial team will leverage their
relationships with former and prospective customers; as well as
centers of influence within the market, to help Huntingdon Valley
Bank expand its growing loan and deposit portfolios.
“What made HVB so attractive to me was its
ability to provide credit to high quality borrowers with speed and
surety. My team and I are looking forward to offering HVB’s high
level of service and technology to business customers across the
region.” remarked Burkley.
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, seven full service bank
offices and one limited service bank office. We also operate six
loan production and sales 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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