Hatboro Federal Savings

What Hatboro Federal Savings does

Hatboro Federal Savings is a federally chartered savings bank founded in February 1941 and headquartered in Hatboro, Pennsylvania. The bank operates four branches across Bucks and Eastern Montgomery Counties (Hatboro main office, Warminster, Warrington, and Jamison), supported by a loan center and administration building in Hatboro. It serves individual consumers, families, students, first-time homebuyers, real estate investors, and small businesses in its defined local geography. As of December 2016, the bank reported total assets exceeding $505 million, up from $492 million in 2014 and $493 million in 2015.

The bank's core offering is split between deposit products (High Interest Checking at 2.50% APY, Advantage Checking, Priority Checking, Student Checking, Statement/Passbook Savings, School Savings, Money Market, and CDs with terms from 91 days to 5 years) and residential real estate lending (purchase mortgages, first-time homebuyer programs at 6.375%, ARMs, fixed and variable home equity products, and investor-owned real estate loans). A distinctive feature is that the bank retains loans on its own balance sheet as a portfolio lender rather than selling them on the secondary market. Digital channels include a mobile banking app, online banking with bill pay, remote deposit capture, mobile wallet support (Apple Pay, Google Pay, Samsung Pay), and a 40,000+ ATM surcharge-free network through MoneyPass.

Revenue is generated through the net interest spread on deposits and loans, supplemented by transaction-based fee income (money orders, service charges) and small business banking services. The bank operates with a fee-free model on most deposit and consumer loan products, instead relying on volume and margin. Linda R. Roehner serves as President and CEO (since 2015, with 35+ years at the bank), and the institution holds no venture capital or parent-company backing, operating as an independent private community bank.

Name

Hatboro Federal Savings

Legal name

Hatboro Federal Savings

Website

https://hatborofed.com

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

11–50 employees

Short description

Hatboro Federal Savings is a federally chartered community savings bank founded in 1941, operating four branches in Bucks and Eastern Montgomery Counties, Pennsylvania, offering retail and small business deposit products, portfolio-held mortgage and home equity lending, and digital banking services to local consumers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Retail deposit products
• Residential mortgage lending
• Small business banking
• Digital banking channels

Headquarters

HQ city

Hatboro

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Interest Income from Loans: Primary revenue source from mortgage lending (purchase, refinance, home equity), including first-time homebuyer programs, adjustable rate mortgages, and investor-owned real estate loans. Portfolio lender that retains loans rather than selling to secondary market.
2. Deposit Interest Spread: Earn interest margin by lending deposited funds at higher rates than paid to depositors. Interest-bearing accounts include checking, savings, money market, and certificates of deposit.
3. Fee Income: Various banking fees including money orders and other service charges. Many accounts advertised as fee-free.
4. Small Business Banking Services: Business checking and savings accounts with tiered interest options and no monthly fees for small business customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Hatboro Federal Savings is a community bank that accepts consumer and small business deposits and originates residential and consumer loans. Deposit products include multiple checking tiers, statement and passbook savings, money market, CDs, IRAs, and small business accounts. Lending products include portfolio purchase and refinance mortgages, a first-time homebuyer program, ARMs, fixed and variable home equity loans and HELOCs, and investor-owned real estate loans, all serviced in-house. Delivery is through four Pennsylvania branches, online and mobile banking, remote deposit capture, mobile wallet support, and 24/7 telephone banking.

Product overview

Hatboro Federal Savings is a community bank offering a comprehensive suite of personal and business banking products. The core offering includes multiple checking accounts (High Interest Checking with 2.50% APY, Advantage Checking, Student Checking, Priority Checking), savings accounts (Passbook, Statement, Student Statement, School Savings, Tiered Money Market), and Certificate of Deposit/IRA products. The bank provides residential lending through home mortgages, first-time homebuyer programs, adjustable rate mortgages, home equity loans and lines of credit, and investor-owned real estate loans. Digital banking services encompass online banking with bill pay, mobile banking app with remote deposit capture, mobile payments (Apple Pay, Google Pay, Samsung Pay), and debit card management via Card Suite Lite. Small business services include checking and statement savings accounts. All loans are portfolio-held, meaning they remain with the bank rather than being sold on the secondary market.

Differentiator

Problem solved

Functional benefit

Products and services

• High Interest Checking Account Premium interest-bearing personal checking account paying 2.50% APY on all balance tiers for individual consumers, with $1,000 minimum opening deposit, monthly interest compounding, digital banking access, and surcharge-free ATM access through the MoneyPass network.
• Advantage Checking Account Interest-bearing personal checking account paying 0.15% APY with $100 minimum to open and to earn interest, monthly compounding, and free standard checks for customers with recurring direct deposit.
• Student Checking Account Fee-free personal checking account designed for young adults ages 16-17, with $10 minimum opening deposit, no monthly service fees, surcharge-free ATM access, and automatic conversion to Advantage Checking upon turning 18.
• Priority Checking Account Free personal checking account with $100 minimum to open, no monthly balance requirements, unlimited check writing, and complimentary first 40 standard checks for new customers.
• Passbook Savings Account Traditional personal savings account with variable interest rate compounded and credited quarterly, using a physical passbook to track transactions, for individual savers who prefer in-person record-keeping.
• Statement Savings Account Personal statement-based savings account with $50 minimum opening deposit, interest paid on balances meeting a $100 minimum daily balance, and monthly statements.
• Student Statement Savings Account Personal statement savings account for ages 16-17 with no monthly fees, free debit card, mobile banking access, and Account Transfer Protection, automatically converting to Statement Savings upon turning 18.
• School Savings Account Personal savings account for students age 18 and under with $1 minimum to open and earn interest, variable rate, no fees for low balance or dormant accounts, and quarterly compounding.
• Individual Retirement Account (IRA) Retirement savings product available as either a Traditional IRA (tax-deductible contributions, tax-deferred growth) or Roth IRA (tax-free growth, after-tax contributions), maintained in Certificate of Deposit form, with annual contribution limits per IRS rules.
• Holiday Club Account Non-interest bearing personal savings account with $5 minimum to open and no service fees, designed to help customers set aside funds for holiday spending with proceeds disbursed each October.
• Certificate of Deposit (CD) Fixed-rate time deposit product with terms from 91 days to 5 years, $1,000 minimum investment, paying higher interest than traditional savings, with early withdrawal penalties of 90-180 days of interest depending on term.
• Tiered Money Market Account Personal money market savings account with interest rates that increase as balances grow across four tiers from $1,000 to $100,000+, $1,000 minimum opening deposit, free online bill pay, and remote deposit capture.
• Small Business Checking Account Business checking account offered in both interest-bearing and non-interest-bearing versions for small business customers, with no monthly account fees, online banking, surcharge-free MoneyPass ATM access, remote deposit capture, business debit card, and 250 items per month included.
• Small Business Statement Savings Account Business statement savings account with no monthly fees, competitive interest rates, and Account Transfer Protection when linked to a Small Business Checking account.
• Home Mortgages Portfolio-held residential mortgage loans for purchase and refinance of owner-occupied primary residences, featuring competitive rates, no lender points, zero origination/processing/underwriting fees on new purchase loans, free appraisals, and in-house loan servicing by the bank.
• First Time Homebuyers Program Specialized 30-year fixed mortgage program for first-time homebuyers, with no bank fees, 5% minimum down payment, loan amounts up to $832,750, and Private Mortgage Insurance required when LTV exceeds 80%.
• Adjustable Rate Mortgages (ARMs) Adjustable rate residential mortgage products with 5/1, 7/1, and 10/1 structures, offering initial fixed-rate periods of 5-10 years followed by annual adjustments subject to rate caps and a life-of-loan rate ceiling.
• Home Equity Loans Fixed-rate, lump-sum second-mortgage loans secured by residential real estate, with terms up to 15 years, loan amounts from $10,000 to $500,000, no closing costs or application fees, and fixed monthly payments.
• Home Equity Line of Credit (HELOC) Revolving variable-rate credit line secured by residential real estate, with a 15-year draw period followed by a 15-year repayment period, minimum $10,000 to maximum $200,000, and check access for draws.
• Investor-Owned Real Estate Loans Mortgage and home equity financing for non-owner occupied residential investment properties, with mortgages up to $806,500 at a maximum 75% loan-to-value ratio and home equity products up to $200,000.
• Mobile Banking App Native smartphone and tablet banking application for personal and business customers, enabling bill payment, mobile check deposit, fund transfers, branch/ATM location lookup, and account balance viewing.
• Online Banking with Bill Pay Web-based online banking platform for personal and business customers, supporting account review, balance checking, fund transfers, bill payments up to $9,999, and transaction downloads through supported browsers.
• Mobile Payments Contactless mobile wallet service enabling Hatboro Federal debit card holders to make in-store payments through Apple Pay, Google Pay, and Samsung Pay using tokenization for transaction security.
• Remote Deposit Capture Mobile check deposit service that allows customers to photograph checks with their smartphone or tablet and submit them electronically for deposit into their checking account without visiting a branch.
• Card Suite Lite Debit card management application provided by FIS that allows cardholders to freeze and unfreeze their debit card, receive instant transaction alerts, set spending limits, control where the card can be used, and view enriched merchant information.
• ATM Network Surcharge-free ATM access through the MoneyPass network for Hatboro Federal debit card holders at over 40,000 ATM locations nationwide, including bank branch walk-up and drive-thru locations.
• Bank by Phone 24/7 interactive telephone banking service at 1.877.HFS.2323 that allows customers to access account information using a touch-tone phone and PIN, without requiring internet or mobile access.
• Money Orders Branch-based payment instrument service available at all Hatboro Federal branch offices, functioning like cash with tracking capability and a transaction receipt for the purchaser.

Quantifiable outcome

• Zero lending fees on new purchase loans (no origination, processing, or underwriting fees), saving borrowers thousands compared to competitors
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• MoneyPasscoreTechnology or IntegrationMoneyPass ATM network partnership provides Hatboro Federal debit card holders with surcharge-free cash access at over 40,000 ATM locations nationwide, including bank branch walk-up and drive-thru locations. Partnership eliminates ATM surcharges for customers when using MoneyPass ATMs.
• Independent Community Bankers of America (ICBA)minorStrategic or Co-development PartnerPartnership with ICBA for joint consumer education initiatives on topics including home financing, elder financial abuse prevention, and cybersecurity awareness. ICBA is the national trade association representing community banks.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• QNB Bank: Quakertown, PA-based community bank operating in Bucks County — the same geographic footprint as Hatboro Federal — with comparable asset size, deposit and mortgage products, and a community-bank value proposition targeting local consumers and small businesses.
• S&T Bank: Indiana, PA-based community bank offering consumer deposits, mortgages, and small-business banking products similar to Hatboro Federal, with comparable Pennsylvania community-bank positioning.
• PeoplesBank (Codorus Valley Bancorp): York, PA-based community bank with a similar asset scale, retail deposit/mortgage franchise, and community-focused operating model serving Pennsylvania consumers and small businesses.
• ESSA Bank & Trust: Stroudsburg, PA-based community bank and former mutual savings institution offering retail deposits, mortgages, and home equity products at a similar asset size to Hatboro Federal, with a community-bank operating model and federal charter history.
• Univest Bank and Trust Co. PA-headquartered community bank with similar retail and small-business deposit/mortgage offerings and a comparable asset base ($7B+ but smaller-bank operating model), serving overlapping suburban Philadelphia markets including Bucks and Montgomery Counties.
• Kearny Financial (Kearny Financial Corp.): Mutual holding-style federal savings bank with a residential mortgage and retail deposit franchise, offering structural and product comparability to Hatboro Federal's federal savings bank charter and community-bank focus.
• FNCB Bank (FNCB Bancorp): Dunmore, PA-based community bank offering a similar deposit and mortgage product suite, comparable asset scale, and a community-focused model serving consumers and small businesses in Pennsylvania counties.
• Northwest Bank (Northwest Bancshares): PA-headquartered community bank with deep mortgage and consumer-deposit offerings, operating as a former federal savings bank with a similar retail/mortgage mix and an emphasis on local community banking across the Northeast.

Broad incumbents

• Citizens Financial Group: Large regional bank with significant branch presence across Bucks and Montgomery Counties, providing direct competitive overlap in retail deposits and mortgages for the same suburban Philadelphia customer base that Hatboro Federal serves.
• Provident Financial Services: New Jersey-based federal savings bank (NYSE: PFS) operating a similar portfolio-lending, retail-deposit-focused community bank model, providing a public-market comparable for valuation benchmarking of Hatboro Federal's federal savings bank structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HatboroFederalSavings
• LinkedInlinkedin.com/company/hatboro-federal-savings-fa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hatboro Federal Savings