Harleysville National Corporation Holds Annual Meeting
15 April 2005 - 6:02AM
PR Newswire (US)
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/
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