Harleysville Bank Review
In this Harleysville Bank review, we are going to take a peek in one of the “Harleysville Four”, which are the four biggest businesses in town. Harleysville National Bank (HNB) is one of them. Harleysville National Bank is a wholly owned subsidiary of Harleysville National Corporation with total assets of $3.3 billion. Investment Management and Trust Services are provided through Millennium Wealth Management, a division of Harleysville National Bank, with assets under management of $3.2 billion.
Headquartered in Harleysville, Pennsylvania, HNB was founded by local entrepreneur Alvin Alderfer on October 28, 1909, to bring banking convenience to the Harleysville area. Through the years HNB has enjoyed the status of being a solid, highly regarded community bank that meets all of the retail and business banking requirements of its customers while still providing outstanding customer service all over Pennsylvania.
Harleysville National Bank offers everything you need to help you reach your financial goals from checking and savings accounts, to loans, credit cards, and investment options. Their checking account options are varied and come with free services like a Visa Check Card with Visa Extras, Web Banking, online Bill Payment, Telephone Banking, and surcharge free access to ATM withdrawals at 37,000 ATMs nationwide. There are several savings options including e.Savings, Statement Savings, Money Markets, CDs, and much more. They also offer several different kinds of credit like consumer and home equity loans, and quite a number of mortgage options. An array of convenience services are also set up to help customers manage their personal finances. Their bank rates may vary depending on the area. It is best to visit their website or a branch nearest you to view all the varied banking options and rates.
First Niagara has agreed to acquire Harleysville National Bank in an all-stock transaction valued at approximately $237 million or $5.50 per share. The companies signed a definitive purchase agreement for the transaction, which is expected to close in the first quarter of 2010 and be accredited to First Niagara diluted earnings per share by approximately 14% in 2011. First Niagara intends to maintain all Harleysville National and East Penn branches, as well as the Pennsylvania company’s growing commercial banking and wealth management business.
This Harleysville Bank review is just a bird’s eye-view of this century-old Pennsylvania institution.
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