The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 15, 2023. Its latest SEC filing is a SCHEDULE 13G/A from Nov 15, 2024.
10-Q for Q1 FY2023, filed May 15, 2023
The sections below describe the company as of the FY2022 annual report.
Takes retail deposits and makes residential, commercial-property and business loans for individuals and businesses in its local markets.
10-K for FY2022, filed Mar 30, 2023Huntingdon Valley Bank is a stock savings bank organized under the laws of the Commonwealth of Pennsylvania and is subject to comprehensive…View ↗
Our principal business consists of attracting retail deposits from the general public in our market area and investing those deposits…View ↗
We are headquartered in Doylestown, Pennsylvania, which is located in the northeast suburban area of metropolitan Philadelphia. We…View ↗
The bank earns interest on loans and investments and gains when it sells residential mortgages; it also collects cash-management, deposit-placement and account-service fees as services are provided or transactions occur.
10-K for FY2022, filed Mar 30, 2023
$838K
10-K for FY2022, filed Mar 30, 2023
$838K ↗
Individuals and businesses in its local markets provide retail deposits and borrow for residential, commercial-property and business purposes. The bank generates most loan originations through its loan staff and referrals from existing customers and real estate brokers.
10-K for FY2022, filed Mar 30, 2023
Yes. Its net income in FY2022 was larger than its revenue and turned 3625 cents into free cash flow.
8-K, filed Jun 16, 2023
On June 16, 2023, pursuant to the Merger Agreement, the Company merged with and into CZFS, with CZFS being the surviving entity, and HVB…View ↗
Grew. Revenue grew 32% in 4 years, from $637K in FY2017 to $838K in FY2022, about 7% a year.
Digital services for e-commerce
The later business description adds Braavo Bank, a digital division offering loan origination, deposit account opening and treasury tools for e-commerce businesses, alongside the earlier report's retail deposits and conventional lending.
10-K for FY2019, filed Sep 26, 2019 10-K for FY2022, filed Mar 30, 2023Our principal business consists of attracting retail deposits from the general public in our market area and investing those deposits…View ↗
Competes with PNC Financial Services Group, Wells Fargo, TD Bank, Santander, and Citizens Financial Group
10-K for FY2022, filed Mar 30, 2023We face significant competition within our market both in making loans and attracting deposits. Our market area has a high concentration of…View ↗
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