Hatboro Federal Savings, a local banking institution long recognized for its impressive financial strength and community focus, was chartered by the Federal Home Loan Bank Board on February 3, 1941, with $25,000 in assets, the minimum requirement at the time. The first mortgage commitment was made on April 17, 1941 in the amount of $4,500 for a house purchased in the boro of Hatboro.

The community's confidence in the institution's board of directors allowed Hatboro Federal to grow quickly. Assets on June 30, 1941, were $39,044; six months later, its statement of condition listed assets of $112,353.35. Today, it holds nearly $426 million in assets, including more than $75 million in excess capital, more than three times the regulatory capital required by the Office of Thrift Supervision. In fact, Hatboro Federal is considered one of the healthiest and safest banks or savings and loans in the nation and has been awarded the highest rating available, 5 stars, by Bankrate Inc., an independent rating institution.

Bricks and Mortar
While Hatboro Federal has been instrumental in putting people of our community into their own homes, it did its own share of moving in its earliest years before settling into the impressive main office it has occupied since 1951. The savings and loan's first home was at 39 South York Road. On September 10, 1942, it moved to 214 South York Road, then to 121 South York Road in May 1947. Hatboro Federal then acquired the John Harrison House at 221 South York Road and renovated the interior and exterior of the historic 1742 structure. When the impressive stone building opened on April 26, 1951, as Hatboro Federal Savings, it became a landmark in the community.

Continued growth necessitated additional expansion. The Warminster office, a new structure at 609 York Road, opened March 17, 1960; the Warrington office at Bristol and Easton Roads opened in the renovated 1799 John Barclay house on April 9, 1964. An extensive addition was built onto the main office and completed in 1978. When the savings institution found it could not salvage the neighboring historic Potts House it acquired at 229 South York Road, it undertook a historic replication that was completed in 2000; it now houses the loan department.

A Community Approach in All Things
Hatboro Federal Savings believes that a hometown bank is only as safe and healthy as the community it serves, and so it dedicates its resources and considerable energies to helping the community stay strong and vital.

Many area charitable organizations receive regular assistance from Hatboro Federal. It raises funds for the Main Street program and the Greater Hatboro Chamber of Commerce through major sponsorship of Bid$ & Bites, spring gourmet food-tasting event, summer's ,Moonlight Memories,car show and HatOber Fest. Through the Hatboro-Horsham Education Foundation, Hatboro Federal supports grants to teachers for special classroom programs and funds community cultural events that enrich the lives of all our residents.

Bank staff and officers who are members of Rotary International, the world-wide organization that raises money for community projects and to promote goodwill around the globe, are supported in their efforts by the bank. Hatboro Federal has helped in fundraising for the Hatboro, Warrington, Willow Grove and Horsham Rotaries.

Hatboro Federal is one of the primary contributors to the venerable Union Library of Hatboro. The bank also is a substantial supporter of the Hatboro Area YMCA and Hatboro's beloved winter holiday parade, one of the largest community-based holiday parades in the area.