FELDMAN FINANCIAL ADVISORS, INC.

Exhibit 99.1

XXXXXXX FINANCIAL ADVISORS, INC.

0000 XXXXXXXXXXX XXXXXX, XX — XXXXX 000

XXXXXXXXXX, XX 00000

000-000-0000 — (FAX) 000-000-0000

May 21, 2013

Confidential

Board of Directors

Huntingdon Valley Bank

0000 Xxxxxx Xxxx Xxxx, Xxxxx 000

Xxxxxxxxxx Xxxxxx, Xxxxxxxxxxxx 00000

Members of the Board:

This letter sets forth the agreement (“Agreement”) between Huntingdon Valley Bank (“Huntingdon” or the “Bank”) and Xxxxxxx Financial Advisors, Inc. (“FFA”), whereby Huntingdon has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the shares of common stock that are to be sold and issued by the Bank (or, if applicable, its newly formed holding company) in connection with the conversion (“Conversion”) of the Bank from the mutual form of organization to the stock form and its simultaneous acquisition of Victory Bank.

FFA agrees to deliver the Valuation, in a written report, to Huntingdon at the address above on or before a mutually agreed upon date. Further, FFA agrees to perform such other services as are necessary or required of the independent appraiser in connection with comments from Huntingdon’s regulatory authorities and subsequent updates of the Valuation as from time to time may be necessary, both after initial approval by Huntingdon’s regulatory authorities and prior to the time the Conversion is completed. If requested, FFA will assist Huntingdon in responding to all regulatory inquiries regarding the Valuation and will also assist Huntingdon at all meetings with the regulatory authorities concerning the Valuation.

Huntingdon agrees to pay FFA a professional consulting fee for FFA’s appraisal services related to preparation of the initial appraisal report and subsequent appraisal updates. Huntingdon also agrees to reimburse FFA for certain out-of-pocket expenses necessary and incident to the completion of the services described above. These expenses shall not exceed $2,000 without the prior consent of Huntingdon. Reimbursable expenses for copying, report reproduction, data materials, express mail delivery, and travel shall be paid to FFA as incurred and billed. Payment of the professional consulting fee shall be made according to the following schedule:

• $10,000 upon execution of this Agreement;

• $50,000 upon delivery of the completed appraisal report to Huntingdon; and,

• $ 8,500 upon completion of each updated appraisal as necessary.

XXXXXXX FINANCIAL ADVISORS, INC.

Board of Directors

Huntingdon Valley Bank

May 21, 2013

Page 2

If, during the course of the Conversion, unforeseen events occur so as to materially change the nature of the work content of the appraisal services described above such that FFA must supply services beyond that contemplated at the time this contract was executed, the terms of this Agreement shall be subject to renegotiation by Huntingdon and FFA. Such unforeseen events shall include, but not be limited to, material changes in regulations governing the Conversion, material changes in mutual-to-stock appraisal guidelines or processing procedures as administered by the relevant regulatory authorities, major changes in Huntingdon’s management or operating policies, and excessive delays or suspension of processing of the Conversion.

In the event Huntingdon shall for any reason discontinue the Conversion prior to delivery of the completed appraisal report and payment of the progress payment fee totaling $50,000, Huntingdon agrees to compensate FFA according to FFA’s standard billing rates for consulting appraisal services based on accumulated and verifiable time expended, provided that the total of such charges shall not exceed $60,000 plus reimbursable expenses.

In order to induce FFA to render the aforesaid services, Huntingdon agrees to the following:

1. Huntingdon agrees to supply FFA such information with respect to Huntingdon’s business and financial condition as FFA may reasonably request in order for FFA to perform the appraisal services. Such information shall include, without limitation: annual financial statements, periodic regulatory filings and material agreements, corporate books and records, and such other documents as are material for the performance by FFA of the appraisal services.

2. Huntingdon hereby represents and warrants to FFA (i) that to its best knowledge any information provided to FFA by or on behalf of Huntingdon, will not, at any relevant time, contain any untrue statement of a material fact or fail to state a material fact necessary to make the information or statements therein not false or misleading, (ii) that Huntingdon will not use the product of FFA’s services in any manner, including in a proxy or offering circular, in connection with any untrue statement of a material fact or in connection with the failure to state a material fact necessary to make other statements not false or misleading, and (iii) that all documents incorporating or relying upon FFA’s services or the product of FFA’s services will otherwise comply with all applicable federal and state laws and regulations.

XXXXXXX FINANCIAL ADVISORS, INC.

Board of Directors

Huntingdon Valley Bank

May 21, 2013

Page 3

3. Any valuations or opinions issued by FFA may be included in its entirety in any communication by Huntingdon in any regulatory application, proxy statement or offering prospectus; however, such valuations or opinions may not be excerpted or otherwise publicly referred to without FFA’s prior written consent nor shall FFA be publicly referred to without FFA’s prior written consent; however, such consent shall not be unreasonably withheld.

4. FFA’s Valuation will be based upon Huntingdon’s representation that the information contained in the Conversion application and additional information furnished to us by Huntingdon and its independent auditors is truthful, accurate, and complete in all material respects. FFA will not independently verify the financial statements and other information provided by Huntingdon and its independent auditors, nor will FFA independently value the assets or liabilities of Huntingdon. The Valuation will consider Huntingdon only as a going concern and will not be considered as an indication of the liquidation value of Huntingdon.

5. FFA’s Valuation is not intended, and must not be represented to be, a recommendation of any kind as to the advisability of purchasing shares of common stock in the Conversion. Moreover, because the Valuation is necessarily based upon estimates and projections of a number of matters, all of which are subject to change from time to time, FFA will give no assurance that persons who purchase shares of common stock in the Conversion will thereafter be able to sell such shares at prices related to FFA’s Valuation.

6. Huntingdon agrees to indemnify FFA and its affiliates and all persons employed by or associated with FFA or its affiliates against all claims, liabilities and related expenses, as incurred, arising out of this engagement, unless, upon final adjudication, such claims, liabilities and expenses are found to have resulted primarily from FFA’s bad faith or willful misconduct. No termination, completion or modification hereof shall limit or affect such indemnification obligation. In the event FFA becomes aware of a claim or a possible claim arising out of this Agreement, it shall notify Huntingdon as soon as possible. Huntingdon will attempt to resolve the claim. In the event Huntingdon is not able to resolve the claim, it has the option to retain legal counsel on behalf of FFA to defend the claim.

XXXXXXX FINANCIAL ADVISORS, INC.

Board of Directors

Huntingdon Valley Bank

May 21, 2013

Page 4

7. Huntingdon and FFA are not affiliated, and neither Huntingdon nor FFA has an economic interest in, or is held in common with, the other and has not derived a significant portion of its gross revenues, receipts or net income for any period from transactions with the other. It is understood that FFA is not a seller of securities within the scope of any federal or state securities law and any report prepared by FFA shall not be used as an offer or solicitation with respect to the purchase or sale of any security, it being understood that the foregoing shall not be construed to prohibit the filing of any such report as part of the Application for Conversion or Securities and Exchange Commission and blue sky filings or customary references thereto in applications, filings, proxy statements and prospectuses.

Please acknowledge your concurrence with the foregoing by signing as indicated below and returning to FFA a signed copy of this Agreement and the $10,000 initial payment.

Sincerely,

Xxxxxxx Financial Advisors, Inc.

Xxxxx X. Xxxxxxx

President

Agreed to and Accepted for
Huntingdon Valley Bank
Name:		Xxxxxx X. Xxxxxxxx
Title:		President and Chief Executive Officer
Date: