Harleysville Natl Corp Pa (MM) (NASDAQ:HNBC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Harleysville Natl Corp Pa (MM) Charts. Click Here for more Harleysville Natl Corp Pa (MM) Charts.](/p.php?pid=staticchart&s=N%5EHNBC&p=8&t=15)
Harleysville National Corporation Holds Annual Meeting
Chairman Walter E. Daller Honored by PA Senator Robert Wonderling for his Years
of Service
HARLEYSVILLE, Pa., April 14 /PRNewswire-FirstCall/ -- Chairman Walter E.
Daller, Jr. was honored with a citation from PA State Senator Robert Wonderling
Tuesday at Harleysville National Corporation's (HNC) (NASDAQ:HNBC) Annual
Meeting of Shareholders held at Presidential Caterers, Norristown. Daller
received the citation upon the occasion of his retirement, which occurred on
March 31, for his 43 years of service to the Company as well as his role in
shaping the banking industry and local community. Wonderling referred to
Daller as "a national treasure."
During the meeting, Daller was also honored by the HNC Board of Directors
through a presentation highlighting his career achievements as well as remarks
by current president and chief executive officer (CEO) Gregg J. Wagner, who
gave examples of ways Daller's influence has helped customers, employees and
community organizations succeed.
During the business portion of the event, three Class C Directors were elected.
Wagner was elected to the position for the first time while current HNC Board
members James A. Wimmer, an attorney with Philip & Wimmer, Palmerton, and
William M. Yocum, president, W.M. Yocum Machine Company, Creamery, were
re-elected. All individuals' terms will extend through 2009.
In his remarks, Wagner thanked the HNC board for giving him the opportunity to
lead the organization. He stated, "I am very proud to be a part of a company
that is dedicated to providing exceptional service to its customers, has a
highly qualified, proven management team and is committed to providing superior
performance for our shareholders." Wagner also introduced members of HNC's
executive management team who each gave presentations on the organization's
2004 performance and its strategic initiatives for the current year.
Executive vice president, chief operating officer (COO) and chief financial
officer (CFO) Michael B. High discussed the company's performance in 2004 - its
29th consecutive year of increased earnings and 30th year of increased
dividends, noting a 9.2% rise in net income. He also demonstrated HNC's
performance versus its peer group of $1-5 billion banks stating that HNC has
outperformed the peer group for the last five years as of December 31, 2004.
Harleysville National Bank (HNB) president and CEO Deb M. Takes discussed some
of the changes HNB underwent in 2004. These included consolidating the
charters of Harleysville National, Citizens National and Security National
under the umbrella of Harleysville National Bank, updating the bank's logo and
tagline, achieving strong core deposit and loan growth and partnering with
Montgomery County Community College for the "Starting a Successful Woman-Owned
Business" certificate series, which continues to grow today. She stated, "Your
company is moving forward on several fronts to increase our market presence,
increase our market share and take the lead on several important community
initiatives." Takes noted that in 2005 HNB will continue to work to build
value in every customer relationship and boost market presence through the
opening of two new branches in Dorneyville (Allentown) and Warminster, PA.
John W. Eisele, President of Millennium Wealth Management & Private Banking
(MWMPB), a division of HNB, outlined its plan to better serve customers by
identifying the their individual needs and developing customized solutions to
meet them. He introduced MWMPB's various products and services for private
banking, wealth management and investment management and reviewed MWMPB's
service area which encompasses the same 9-county area as the HNB network.
Announced during their February 2005 meetings were new appointments to both the
HNB and HNC Boards of Directors. New HNB board appointees include Wagner,
Wimmer and Stephanie S. Mitchell. All individuals are currently members of the
HNC Board of Directors. Mitchell is secretary and treasurer of Cole Candy &
Tobacco Company, Pottstown, and secretary for R.C. Smith Industries, Inc., also
in Pottstown. Additionally, Takes was elected to the HNC Board of Directors.
She is currently a member of the HNB Board of Directors.
Following Tuesday's meeting HNC accepted the resignation of Vincent P. Small,
Jr. from the Board of Directors effective April 13. Mr. Small, who was
originally a member of Millennium Bank's Board of Directors, joined the HNC
Board of Directors after HNC acquired Millennium Bank. During the past year,
HNB personnel have successfully established relationships with Millennium Bank
clientele, fully integrating them into the Millennium Wealth Management &
Private Banking customer base. Mr. Small noted that his future plans
prohibited him from continuing to fully participate on the HNC Board.
Harleysville National Corporation, with assets of $3 billion, is the holding
company for Harleysville National Bank (HNB). Investment Management and Trust
services are furnished by Millennium Wealth Management & Private Banking, a
division of HNB, with assets under management exceeding $1.6 billion.
Cumberland Advisors, Inc., an SEC registered investment advisor specializing in
fixed-income money management and equities using exchange- traded funds, is
also a part of Millennium Wealth Management & Private Banking. Harleysville
National Corporation stock is traded under the symbol "HNBC" and is commonly
quoted under Nasdaq National Market Issues. For more information, visit the
HNC website at http://www.hncbank.com/.
This press release may contain forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results and trends
could differ materially from those set forth in such statements due to various
factors. Such factors include the possibility that increased demand or prices
for the company's financial services and products may not occur, changing
economic and competitive conditions, technological developments, and other
risks and uncertainties, including those detailed in the Company's filings with
the Securities and Exchange Commission.
DATASOURCE: Harleysville National Corporation
CONTACT: Gregg J. Wagner, President and CEO, Harleysville National
Corporation, +1-215-513-2391
Web site: http://www.hncbank.com/