Harleysville National — Merger or Acquisition (September 2008)
16 slides from Harleysville National's merger presentation, Sep 10, 2008
Slide 1: Special Meeting of HNBC Shareholders
Exhibit 99.2 Special Meeting of HNBC Shareholders September 9, 2008 Best Western The Inn at Towamencin Kulpsville, PA
Slide 2: Forward-Looking Information
Forward-Looking Information During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Harleysville National Corporation. We wish to caution you that these forward-looking statements involve certain r
Slide 3: Rule 165 disclosure on merger filings
The following disclosure is made in accordance with Rule 165 of the Securities and Exchange Commission. Harleysville National Corporation and Willow Financial Bancorp, Inc. have or will be filing documents concerning the merger with the Securities and Exchange Commission, including a registration st
Slide 4: Best Community Bank Anywhere
Best Community Bank Anywhere
Slide 5: Strategic Rationale
• Disciplined in-market acquisition • Defends and extends market • Solidifies presence in Southeast PA • Expands employee talent pool • Favorable economics • Accretive in 2009 Strategic Rationale
Slide 6: Summary of Significant Terms
Exchange ratio: Implied price per share 1 : Aggregate purchase price 1 : Board representation: Anticipated close: % shares needed for transaction approval: 0.73 shares HNBC for each WFBC share $10.72 $169.2 million Harleysville National Willow Financial Fourth calendar quarter 2008 51% 1 Price per s
Slide 7: Strategic initiatives: Expansion, Empowerment, Effectiveness
The acquisition of Willow Financial Bank is in line with our strategic initiatives: • EXPANSION • EMPOWERMENT • EFFECTIVENESS
Slide 8: The Merger at a Glance
HNBC (as of 3/31/08) WFBC (as of 3/31/08) Pro forma Combined Assets ($) $3.9 billion $1.6 billion $5.5 billion Total Net Loans ($) $2.5 billion $1.1 billion $3.6 billion Deposits ($) $3.0 billion $1.0 billion $4.0 billion Branches The Merger at a Glance
Slide 9: Expansion
EXPANSION • Disciplined in-market expansion • HNBC will be third-largest bank holding company headquartered in the region • 84 branches • $5.5 billion assets • Extensive value-added products and services
Slide 10: Empowerment
EMPOWERMENT • Sharing of best practices • Local decision-making, $62 million legal lending limit • Expected synergies of $15 - $20 million to be realized in 2009
Slide 11: Effectiveness
EFFECTIVENESS • Leverage $8.5 million investment in Harleysville operations center • Scale to invest in new technology that will improve customer experience or efficiency • Accretive to 2009 earnings
Slide 12: Retail - Benefits
Retail - - Benefits • Expanded branch network • Cross-selling opportunities • Extensive ATM Network • Improved customer experience • Compelling mortgage banking business
Slide 13: Demographics - Chester County
Households 180,176 Household Growth Rate 9.7% Median Income $85,956 Average HH Income $116,607 Household Income Growth rate 2007-2012 22.1% Source: SNL Demographics - - Chester County • One of PA’s fastest growing counties • Compares favorably to PA median income of $43,900 and average HH income of
Slide 14: Commercial - Benefits
Commercial - - Benefits • Retain local decision making • Experienced, talented commercial lenders • Sophisticated products/services • Commercial cash management • Wealth management (Cornerstone) • BeneServ employee benefits insurance brokerage • Higher legal lending limit
Slide 15: Wealth Management - Benefits
Wealth Management - Benefits • Combined total of $3.6 billion Assets Under Management • Cross-selling activities • Larger retail brokerage business
Slide 16: Enhances Foundation for Future Growth
Enhances Foundation for Future Growth ü Willow Financial acquisition provides potent growth platform for 2009 and beyond Harleysville National Corporation Special Meeting of Shareholders September 9, 2008 Paul Geraghty talking points Slide 1 – 2008 Special Meeting of Shareholders Good afternoon. Tha
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