Bob Powers Retires from Hatboro Federal Savings Board of Directors

E. Robert Powers recently retired from the Hatboro Federal Savings Board of Directors where he has served as a director since 1977. He was honored at a board of directors meeting on January 24, 2013.

"Bob Powers has served on the Hatboro Federal board for 36 years. His dedication and strong leadership have helped us improve and strengthen the communities we serve," says Joseph Tryon, president and CEO. "Bob's skills and business acumen have contributed to our steady growth making us one of the strongest and most successful community banks in the nation."

Powers, a graduate of Abington High School and Carnegie Mellon University, has lived in the greater Hatboro area since 1955. He was president of the family-owned Powers Equipment Co., Inc., in Warminster, PA.  He served as an engineer in the US Navy, and the Ordinance Branch of the US Army.

He has been a volunteer with Habitat for Humanity, currently works with Meals on Wheels, and is an active member of the Sanctuary United Methodist Church. He is a current member and former president of the Hatboro Rotary.

Hatboro Federal Savings, one of Bucks and Eastern Montgomery Counties' leading community banks, was chartered by the Federal Home Loan Bank Board in February 1941, and has current assets of more than $530 million.

Headquartered at 221 S. York Road, in Hatboro, Hatboro Federal also has branch offices in Warrington, Warminster and Jamison, offering financial products and services to individuals and families.

Media Contact: Joseph J. Tryon, Jr., 215.675.4000, email: tryon@hatborofed.com, www.hatboro.com