8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 2, 2007

HARLEYSVILLE NATIONAL CORPORATION

__________________________________________

(Exact name of registrant as specified in its charter)

Pennsylvania	0-15237	23-2210237
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
483 Main Street, Harleysville, Pennsylvania		19438
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 215-256-8851

Not Applicable

______________________________________________

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01Other Events

On March 3, 2007, Harleysville National Corporation issued a press release announcing that Cornerstone Companies, a subsidiary has completed a selected asset purchase of McPherson Enterprises and related entities. A copy of the press release is attached as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits

(a)   Not applicable.

(b)   Not applicable.

(c)   Not applicable.

(d)   Exhibits.

Exhibit 99.1: Press Release issued by Harleysville National Corporation dated, March 2, 2007 titled “Cornerstone Companies Completes Purchase of Maryland-Based Registered Investment Advisor, McPherson Enterprises.”

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    HARLEYSVILLE NATIONAL CORPORATION

Dated: March 2, 2007     /s/ George S. Rapp     

    George S. Rapp, EVP and Chief Financial Officer

EXHIBIT INDEX

	Page
Exhibit 99.1: Press Release issued by Harleysville National Corporation dated, March 2, 2007 titled “Cornerstone Companies Completes Purchase of Maryland-Based Registered Investment Advisor, McPherson Enterprises.”	5

EX-99.1 PRESRELEASE

FOR IMMEDIATE RELEASE

CONTACT:D.M. Takes, President and CEO

PHONE:215-513-2304

CORNERSTONE COMPANIES COMPLETES PURCHASE OF MARYLAND-BASED REGISTERED INVESTMENT ADVISOR, MCPHERSON ENTERPRISES

HARLEYSVILLE, PA (March 2, 2007) - Harleysville National Corporation (NASDAQ: HNBC) announced today that Cornerstone Companies, a subsidiary of Harleysville National Bank, completed a selected asset purchase of McPherson Enterprises and related entities (“McPherson”), Registered Investment Advisors specializing in estate and succession planning and life insurance for high-net-worth construction and aggregate business owners and families throughout the United States. Located in Towson, Maryland, the firm is led by Douglas McPherson, President and founder.

McPherson will become a part of Cornerstone Companies, a component of the bank’s Millennium Wealth Management division. As a result of the acquisition, Cornerstone will have a specialty of succession planning for family-owned construction and aggregate companies and McPherson’s clients will have access to Cornerstone’s abilities in investment consulting, business, and compensation planning. Terms of the purchase were not disclosed.

D.M. Takes, President and Chief Executive Officer, stated, “We are pleased to welcome Doug McPherson and his group to the Harleysville team. McPherson’s established clientele and proven expertise in providing creative, customized succession plans for contractors will allow us to add value to our current commercial and wealth management customers. This acquisition is part of Harleysville’s plan to continue to build its fee-based services business.”

McPherson commented on the transaction, “Harleysville’s and Cornerstone’s strong reputations, histories and breadth of offerings, will allow us to provide an enhanced level of service to our longtime customers while increasing our ability to attract new clients. Our group looks forward to working closely with the entire team to maximize the value we bring to our combined client base.”

Harleysville National Corporation, with assets of $3.2 billion, is the holding company for Harleysville National Bank (HNB). Investment Management and Trust Services are provided through Millennium Wealth Management, a division of HNB, with assets under management of $3.0 billion. Harleysville National Corporation stock is traded under the symbol "HNBC" and is commonly quoted under NASDAQ Global Market Issues. For more information, visit the Harleysville National Corporation website at www.hncbank.com.

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Corporation’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Corporation’s filings with the Securities and Exchange Commission.

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