Question 1

What is Harrison Building and Loan?

Accepted Answer

Harrison Building and Loan is a community-focused savings and loan association serving the Greater Cincinnati area. With approximately $274 million in total assets and three branch locations, the institution specializes in residential mortgage lending and deposit services for individuals and families in Southwest Ohio.

The bank operates in Harrison and Hamilton, Ohio, maintaining its commitment to encouraging thrift and homeownership in the communities it serves.

Question 2

When was Harrison Building and Loan founded?

Accepted Answer

Harrison Building and Loan was chartered in May 1916 as Harrison Welfare Building Association. The institution was founded by local citizens with the objective of encouraging thrift in the community and assisting individuals in owning their own homes and businesses.

In 1962, the name was changed to Harrison Building and Loan due to the number of calls concerning "welfare." The original members met at Harrison City Hall from 1916 to 1925, then at various other locations until 1952 when property at 112 N. Walnut was purchased.

Question 3

Where is Harrison Building and Loan headquartered?

Accepted Answer

Harrison Building and Loan is headquartered in Harrison, Ohio, located in Hamilton County.

The institution has maintained its roots in this Southwest Ohio community for over a century.

Question 4

Where does Harrison Building and Loan operate?

Accepted Answer

Harrison Building and Loan operates three locations in Southwest Ohio within the Cincinnati metropolitan area. The bank maintains its original main office on Walnut Street in Harrison, the present main office on New Haven Road in Harrison, and a branch location in Hamilton, Ohio on Millville Avenue.

The Hamilton branch opened in 2001, expanding the institution's service area within Hamilton County.

Question 5

What services does Harrison Building and Loan offer?

Accepted Answer

Harrison Building and Loan offers a comprehensive range of personal banking services including checking accounts, savings accounts, certificates of deposit, and individual retirement accounts. The institution specializes in residential mortgage lending, commercial real estate loans, and consumer lending products.

Digital banking services include online banking, mobile banking with Person to Person Pay capabilities, and bill payment services. The bank also provides safe-deposit boxes, notary services, and traditional in-branch banking with personalized customer service.

Question 6

What makes Harrison Building and Loan unique?

Accepted Answer

Harrison Building and Loan distinguishes itself as a home-owned and home-operated financial institution since 1916, maintaining local ownership and decision-making for over a century. Unlike larger regional or national banks, all of the institution's leadership and employees are deeply connected to the communities they serve.

The bank's longevity in the same market demonstrates its commitment to conservative banking practices and community-focused lending. With a strong return on assets of 0.83% and consistent profitability, Harrison Building and Loan has successfully navigated economic cycles while remaining true to its original mission of helping local residents achieve homeownership.

Question 7

What type of financial institution is Harrison Building and Loan?

Accepted Answer

Harrison Building and Loan is a state-chartered savings and loan association, also known as a thrift institution. This type of financial institution traditionally focuses on accepting savings deposits and making mortgage loans, which aligns with the bank's historical mission.

As a savings and loan association, the institution emphasizes residential mortgage lending and encouraging savings among community members, distinguishing it from traditional commercial banks that may have broader lending portfolios.

Harrison Building and Loan

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About Harrison Building and Loan in the United States