LEVITTOWN, Pa., May 29, 2015 /PRNewswire/ — William Penn Bancorp, Inc. (OTC Pink: WMPN), the holding company for William Penn Bank, announced today that it had completed a repurchase of 20,000 shares, or 2.03%, of the Company’s outstanding common stock, excluding shares held by William Penn MHC. After the transaction, the Company has 964,305 shares of common stock outstanding, excluding shares held by William Penn MHC. The repurchase was undertaken in an unsolicited, privately negotiated transaction with a single shareholder outside of the stock repurchase plan announced in December 2014. The Company has 1,230 shares of common stock remaining for repurchase under the previously announced stock repurchase plan.
William Penn Bancorp, Inc. is the mid-tier holding company for William Penn Bank which operates from its main office in Levittown, Pennsylvania, and branch offices located in Morrisville and Richboro, Pennsylvania. William Penn Bank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). William Penn Bancorp’s common stock is traded on OTC Pink under the symbol “WMPN.”
SOURCE William Penn Bancorp, Inc.