Doylestown-based HV Bancorp is among 35 notable “SmAll Stars,” a list of financial institutions recognized by Piper Sandler, a leading investment bank and institutional securities firm. Jeff Blumenthal covered the inclusion for the Philadelphia Business Journal.

To earn SmAll Star status, financial institutions needed to have a market cap below $2.5 billion and have cleared numerous hurdles related to growth, profitability, credit quality, and capital strength.

They also need excellent performance against four metrics:

1. Earnings per share growth
2. Loan growth
3. Deposit growth
4. Return on average equity

Founded in 1871, HV Bancorp CEO Travis Thompson describes his company as “a 150-year-old de novo bank.”

It was a savings and loan for most of its existence until five years ago when Thompson began the process of taking the company public. He also beefed up the institution’s commercial lending business. And he moved the corporate headquarters from Philadelphia to Doylestown.

It now has $549 million in assets and 146 employees and seven branches.

More about HV Bancorp and the other 2021 SmAll Stars is at the Philadelphia Business Journal.