Harleysville National Corporation · Harleysville, PA United States ·(NASDAQ (GS): HNBC)
Company Description
Phone: 215-256-8851
Fax: 215-256-3065
Toll Free: 800-423-3955
View Harleysville National Corporation Locations On A US Map
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This link will open in a new window Harleysville National is all revved up about being the holding company for Harleysville National Bank and Trust. Established in 1909, the bank and its East Penn Bank division operate more than 80 branches in eastern Pennsylvania. In addition to offering standard deposit services, the banks focus on real estate lending, including commercial mortgages, residential real estate construction loans, residential mortgages, and home equity loans. Millennium Wealth Management and Cornerstone Companies, which are both units of the bank, provide trust and investment management services, with more than $2.5 billion of assets under management.
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Key Harleysville National Corporation Financials
| Company Type | Public - NASDAQ (GS): HNBC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $150.4 |
| 2008 Employees | 1,169 |
Harleysville National Corporation Executives
21 executives listed for Harleysville National Corporation's Harleysville, PA location.
| Title | Name & Bio | Contact |
| Chairman, Harleysville National Corporation and Harleysville National Bank | Walter Daller | Network |
| President, CEO, and Director; EVP and Director. Harleysville National Bank | Paul Geraghty | Network |
| EVP and CFO | George Rapp | Network |
Competition
Competitive Landscape for Harleysville National Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Harleysville National Corporation Competitors
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