Toggle SGML Header (+)


Section 1: 8-K (FORM 8-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 21, 2018
 

HV Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Pennsylvania
 
 
001-37981
 
46-4351868
(State or Other Jurisdiction
of Incorporation)
 
(Commission File No.)
 
(I.R.S. Employer
Identification No.)
         
3501 Masons Mill Road, Suite 401, Huntingdon Valley, Pennsylvania
 
19006
(Address of Principal Executive Offices)
 
(Zip Code)
     
 
                                                               (267) 280-4000   
                            (Registrant's telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 



Item 8.01.
Other Events

On February 21, 2018, the Board of Directors of HV Bancorp, Inc. (the "Company") declared a special cash dividend on the Company's common stock of $0.50 per share. The dividend will be payable to shareholders of record as of March 8, 2018 and is expected to be paid on or about March 22, 2018.

A copy of the press release dated February 22, 2018 giving details associated with the dividend is attached as Exhibit 99.1 to this report.

Item 9.01.         Financial Statements and Exhibits.


(d)
Exhibits.

Exhibit No. Description

 99.1 Press Release, dated February 22, 2018


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
   
HV BANCORP, INC.
 
 
 
DATE: February 22, 2018
By:
/s/ Joseph C. O'Neill, Jr. 
   
Joseph C. O'Neill, Jr.
   
Executive Vice President and Chief Financial Officer

(Back To Top)

Section 2: EX-99.1 (PRESS RELEASE)

Press Release
FOR IMMEDIATE RELEASE
CONTACT:
Joseph C. O'Neill, Jr.
Executive Vice President and Chief Financial Officer
(267) 280-4000 ext. 6232 
 
HV BANCORP, INC.
ANNOUNCES SPECIAL CASH DIVIDEND

Huntingdon Valley, Pennsylvania-February 22, 2018, HV Bancorp, Inc. (Nasdaq Capital Market: HVBC) (the "Company"), the holding company for Huntingdon Valley Bank (the "Bank"), today announced that its board of directors declared a special cash dividend of $0.50 per common share.  The dividend will be paid on or about March 22, 2018, to shareholders of record as of the close of business on March 8, 2018.  This is the first cash dividend for the Company since the completion of its initial public offering in January 2017.

"We are pleased to announce a special cash dividend paid to our shareholders," said Travis J. Thompson, President and Chief Executive Officer of the Company.  "The payment of this special dividend represents our commitment to enhancing shareholder value and the Board of Directors would consider paying special dividends again in the future, subject to our future financial condition, results of operations, and future market, regulatory and general economic conditions."

HV Bancorp. Inc., a Pennsylvania corporation, is the holding company for Huntingdon Valley Bank, a community bank located in suburban Philadelphia, which has provided consumer and commercial banking services since 1871. We currently operate four full-service locations in Bucks, Montgomery and Philadelphia counties, Pennsylvania.

Certain statements contained herein are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Such forward-looking statements are subject to risk and uncertainties described in our SEC filings, which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, changes in interest rate environment, changes in economic conditions, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in belief, expectations or events.
 


(Back To Top)