Hv Bancorp Stock Price, News & Analysis

HV Bancorp, Inc. (NASDAQ: HVBC) is a bank holding company headquartered in Doylestown, PA. It operates through its wholly owned subsidiary, Huntingdon Valley Bank, serving communities in Montgomery, Bucks, and Philadelphia Counties in Pennsylvania, New Castle County in Delaware, and Burlington County in New Jersey. HVBC offers a range of financial services through its executive office, seven full-service bank offices, one limited-service bank office, and six loan production and sales offices.

HVBC was recently acquired by Citizens Financial Services, Inc. (NASDAQ: CZFS), a $2.3 billion bank holding company conducting business through First Citizens Community Bank. This merger is expected to enhance and expand CZFS's presence and capabilities in Pennsylvania, Delaware, and New Jersey.

The merger, completed on June 16, 2023, involved HVBC stockholders electing to receive either $30.50 in cash or 0.4040 shares of CZFS common stock per HVBC share. The transaction is strategically positioned to leverage synergies between the institutions, providing enhanced financial services to their expanded customer base. The merger also saw Robert J. Marino, former President of HVBC, joining the combined company's board of directors and senior management team.