Printer Friendly

HARLEYSVILLE NATIONAL CORPORATION POSTS PROFITS FOR THIRD QUARTER

 HARLEYSVILLE NATIONAL CORPORATION POSTS PROFITS FOR THIRD QUARTER
 HARLEYSVILLE, Pa., Oct. 8 /PRNewswire/ -- Walter E. Daller Jr., president and chief executive officer, Harleysville National Corporation (NASDAQ-NMS: HNBC), reported today that the company's consolidated net income for the third quarter of 1992 was $1,907,257 or $.78 per share.
 This represents a 6.3 percent increase over the $1,793,745 or $.73 per share reported for the third quarter of 1991. Consolidated net income for the first nine months of 1992 was $5,733,421 or $2.34 per share, a 6.6 percent increase over the $5,378,439 or $2.19 per share for the comparable period in 1991. The company's consolidated total assets were $640,303,283 at Sept. 30, 1992. This was 27.5 percent above the Sept. 30, 1991, level of $502,360,290.
 Harleysville National Corporation recently announced that two of its wholly owned subsidiaries were merged. The Summit Hill Trust Company, a Pennsylvania state bank and trust company acquired by Harleysville on June 1, 1992, was merged with and into The Citizens National Bank of Lansford, a national banking association. The merger had no immediate impact on Harleysville's consolidated financial position or results of operation, as reported.
 Harleysville National Corporation is a bank holding company headquartered in Harleysville, Montgomery County. Harleysville National's wholly owned subsidiaries are Harleysville National Bank and Trust Company, which operates 15 branch offices in Montgomery and Bucks counties and has assets in excess of $570 million, and The Citizens National Bank of Lansford, which has $63 million in assets, located in Carbon County, Pa. Harleysville National Corporation stock is traded Over-The-Counter on the NASDAQ National Market System under the symbol "HNBC."
 /delval/
 -0- 10/8/92
 /CONTACT: Walter E. Daller Jr., president and CEO of Harleysville National Corporation, 215-256-8851, ext. 201/
 (HNBC) CO: Harleysville National Corporation ST: Pennsylvania IN: FIN SU: ERN


MK-LJ -- PH008 -- 0328 10/08/92 09:38 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 8, 1992
Words:323
Previous Article:BEI HOLDINGS AWARDED MANAGEMENT AND SPECIAL ADVISOR CONTRACTS ON REAL ESTATE ASSETS TOTALING $1.3 BILLION
Next Article:KMART CORPORATION REPORTS SEPTEMBER SALES INCREASE
Topics:


Related Articles
EARNINGS, DIVIDENDS INCREASE AT HARLEYSVILLE NATIONAL CORPORATION
HARLEYSVILLE NATIONAL CORPORATION POSTS PROFITS FOR SECOND QUARTER
EARNINGS, DIVIDENDS INCREASE AT HARLEYSVILLE NATIONAL CORPORATION
HARLEYSVILLE NATIONAL CORPORATION POSTS PROFITS FOR THIRD QUARTER
EARNINGS, DIVIDENDS INCREASE AT HARLEYSVILLE NATIONAL CORPORATION
HARLEYSVILLE NATIONAL CORP. REPORTS BANNER YEAR: INCREASED EARNINGS, DIVIDENDS
EARNINGS UP AT HARLEYSVILLE NATIONAL
HARLEYSVILLE NATIONAL CORP. HAS RECORD PROFITS IN SECOND QUARTER
HARLEYSVILLE NATIONAL CORP. HAS RECORD PROFITS IN THIRD QUARTER
Harleysville National Corporation Reports Record Earnings In Third Quarter

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters