HATBORO FEDERAL NEWS
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[FOR IMMEDIATE RELEASE
For more information, contact:
Joe Tryon, President
215.675.4000
Email: tryon@hatborofed.com
www.hatborofed.com
It's All About Service - Nouveau Magazine, June 2011, pg. 48-49
At Hatboro Federal Savings Bank the key is commitment to the people they serve, their well-being and their success.
by Linn H. Jeffries
Back in 1941, a group of gentlemen in Hatboro, PA, got together and decided to found a savings and loan association. Fortunately, their establishment didn't encounter the problems faced by Jimmy Stewart's S & L in It's a Wonderful Life, and today Hatboro Federal Savings focuses primarily on extending mortgages to people in Bucks and Montgomery Counties so they can buy their own homes. Even its offices are homey and welcoming, with Colonial-style columns, carpets and chandeliers. Of course the bank also offers checking accounts, CDs, IRAs and many of the other services banks normally provide. In fact, according to Bauer Financial Inc., Hatboro Federal Savings is one of the top financial institutions in the United States. Hatboro is definitely home for this association, along with its branch offices in Warminster, Warrington and, just a year and a half ago, Jamison.
People First
"We have a strong institution," affirms its president, Joseph J. Tryon, Jr. One important reason for its strength, he says, is that "the foundation of our philosophy is excellent customer service. Our customers are our priority, but we take great pride in our employees too." Joe points out that because of cross-training, there are only forty employees in the $530 million institution.
At Hatboro Federal Savings, people come first, whether they're the receivers or the providers of all that the association has to offer. That's not surprising, considering that it's a community bank. And the word community goes a long way toward explaining the true nature of Hatboro Federal Savings. It donates nearly one million dollars every year to a wide range of worthy local groups, such as Habitat for Humanity, the YMCA, the Special Olympics, Little League and the Hatboro Union Library, one of the oldest libraries in the United States. The bank is one of the original organizers of (and the largest contributor to) the Hatboro-Horsham Educational Foundation, and Joe himself sponsors four golf tournaments a year for the benefit of nearby Rotary Clubs and chambers of commerce. Other bank officers are also active participants in area Rotary Clubs, chambers of commerce, Main Street Hatboro and the Hatboro-Horsham Educational Foundation.
Supporting Community
Joe sums it all up when he says, "A community bank should give back to its community by supporting as many activities as it can." This conviction has stood the test of time; he has been Hatboro Federal's president for twenty-four years. But he began his career as a humble teller because his predecessor, Myron Thomas, was convinced that "the only way to learn the banking business is by being a teller." After seventeen years of rising through the ranks Joe became president, and to this day he's never lost his innate interest in financial details and his talent for handling them. He loves helping his customers buy homes and invest their money safely.
In all these undertakings, both monetary and charitable, Connie Wood stands right beside Joe. She's now Senior Vice President in charge of operations, or COO, and she too started her career as a teller fifty-one years ago. During that half century she worked in most of the bank's departments, rose in the organization's hierarchy, raised two children and now has five grandchildren. Connie and Joe have been working together for so long, she says, "we almost read each other's minds."
Together, they shepherd their customers, their employees and charitable works to safe havens. The communities they engage with are fortunate indeed because, as Joe says, "My heart is in the community. I'm emotionally tied to the people I serve and to their well-being and commercial success."
215/ 675-4000; hatborofed.com
