Harvard Illinois Bancorp Inc (HARI)

Harvard Illinois Bancorp, Inc., was incorporated as a Maryland corporation on September 14, 2009 and owns all of the outstanding shares of common stock of Harvard Savings Bank as a result of the conversion from mutual to stock form of Harvard Savings, MHC on April 8, 2010. On April 8, 2010, it completed its initial public offering of common stock. In the offering, Harvard Illinois Bancorp, Inc. issued a total of approximately 784,689 shares of its common stock for an aggregate of approximately $7,846,890 in total offering proceeds. It is a savings and loan holding company, provides community banking services, including such products and services as loans, certificates of deposits, savings accounts, mortgage originations and brokerage services. The Company's business activities are limited to oversight of its investment in Harvard Savings Bank (the 'Bank'). The Bank provides a range of banking and mortgage services to consumer and business customers in McHenry County, Grundy County, and to a lesser extent Boone County, Illinois and Walworth County in Wisconsin. The Company's main competitors are financial institutions including large money center and regional banks, community banks and credit unions. The Bank is subject to regulation by the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation. The company is subject to regulation by the Board of Governors of the Federal Reserve System.