HVBC 2017 Letter to Shareholders

LETTER TO SHAREHOLDERS: Not many businesses can trace their roots back two centuries. Huntingdon Valley Bank is one of those rare businesses that has stood the test of time and been part of the local community since 1871. HVB’s ability to understand its purpose and adapt to changing times has served it well over those many years. 2017 was one of those years where change was required. The execution of a mutual-to-stock conversion of the Bank was consummated in January of this year with a successful public offering and capital raise in the public market. This affords HVB the opportunity to expand our business in the markets we serve. In addition to our customer, employee and community stakeholders, we welcome for the first time a new and important stakeholder to HVB, our Shareholders. Just as we have been committed to our original stakeholders for the last 146 years, we are now committed to providing and growing shareholder value. The pages that follow will tell the story, at length, about our financial condition and different metrics that measure a bank’s performance. What I want to highlight during this year of transition is the support of our loyal customers and employees. Both of these stakeholders have stood with HVB over many years and have helped build a dynamic franchise that both humbles us and makes us proud. As we work diligently to properly deploy the new capital and further enhance shareholder value, I am reminded of the promises we adopted this year, which will guide us in our future growth: Promise to Customers: HVB will act responsibly in every interaction to enable success for our customers and community. Promise to Employees: Pursuing the HVB WAY creates a positive and satisfying culture that leads to success for our employees and customers. The HVB WAY is a value system that relies on Teamwork, Candor and Positivity to build a better experience bank. Our Board of Directors, Management and staff are committed to building a bank that will continue to meet the needs of all of its stakeholders, which now include you, our Shareholders. Thank you for your continued support. Sincerely, Travis J. Thompson, Esq. Chairman, President & CEO