CEO's Message

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Dear Customers, Neighbors and Friends,

Thank you for visiting us today. I hope that you find the information available on our site to be informative and convenient.

As we celebrate our 101st year as a community bank, we are thankful for our Board of Directors and Team Members whose dedication to our culture and stakeholders has allowed us to help our customers thrive and to grow our company. Our local marketplace has continued to experience changes resulting from bank mergers and a changing economic landscape. Throughout these changes, we have remained a true community bank, committed to our culture and values. Our business model has allowed for a strong year with record earnings, while maintaining our high credit quality and improving our efficiency ratio. We will continue to strive to grow deposits and loans and provide a sound investment return to our shareholders.

In July 2016, the Board of Directors elected Keith Ahart to the board. Keith is an investment manager with Franklin Mutual Insurance Company. Keith is active in the community, personally models the bank's values, and is an investment professional with over twenty years of experience managing institutional portfolios for both public and private companies. We look forward to his discernment in creating long term value for our stakeholders.

Our Kasasa Rewards Checking products are strong and continue to be well received by our customers and team members. As an independent community bank, we still have the power to make local decisions that allow us to remain strong and to react to customer needs in a timely fashion. Our customers enjoy doing business with a local bank and interacting with our team members. They have peace of mind knowing that the decision makers are local. We are focused on building relationships and emphasizing our customer loyalty as our customers select Harleysville Savings Bank as their trusted financial partner.

We continue to have measured loan growth with the help of our experienced team of lenders. Our lenders are not just loan generators, they are true community bankers. They are a resource to many of our business customers, offering help and advice beyond the settlement table.

The theme for our team this past year was "Community in Action". As people who live and work in the communities in which we serve, re-investing in those communities is simply a way of life. This past year our team members volunteered over 7,500 hours to over 100 organizations in our communities. Our team members are associated with numerous civic organizations and many sit on the board or committee(s) at these organizations. Throughout the year, the Bank has participated in multiple business expos, community and township days and holiday parades. We have also collected items for local non-profits and the North Penn United Way's Stuff the Bus campaign and MLK Day of Service over the past year.

Our commitment to the North Penn United Way resulted in three awards at their annual Community Celebration event. Harleysville Savings Bank was honored with the Award of Excellence (given to the top company (by company size) for the highest % increase in both dollars and participation); the Corporate Leaders Society Award (given to companies who total campaign (employee & corporate giving combined) is $50,000 or more); and the Corporate Community Service Award (given to a company who has displayed extraordinary service to the community). Our commitment to the community also earned us Pennsylvania Association of Community Bankers' Community Leadership Award, in recognition of the four new scoreboards donated to the baseball fields at the local Harleysville Community Center.

The success that Harleysville Savings Bank has experienced over the past 100 years is a tribute to our greatest assets, our talented team members. Our team members are committed to our culture and enjoy interacting with our customers. We are intentional about investing in our team and providing a work environment that allows them to grow. We invest many hours into our training program, including a focus on personal growth. This past year, we had the privilege of promoting twenty team members, the majority of them through the Teller Career Program.

As we look forward to the remainder of 2016, we are grateful for our rich heritage and community banking values which have set us apart from many in the marketplace. We are extremely thankful for our dedicated team members, shareholders and customers who have placed their trust in us. Thank for you for continued support and, as always, we welcome your comments and questions.

Harleysville Bank is a wholly owned subsidiary of Harleysville Financial Corporation, which trades on the OTCQX national market system under the symbol HARL.

Ron Geib

Ronald B. Geib

Chief Executive Officer


Video - Celebrating our first 100 years...

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