UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 22, 2021
WILLIAM PENN BANCORPORATION
(Exact Name of Registrant as Specified in Its Charter)
| Maryland | 001-40255 | 85-3898797 | ||
| (State or other jurisdiction of | (Commission | (IRS Employer | ||
| incorporation or organization) | File Number) | Identification No.) |
10 Canal Street, Suite 104, Bristol, Pennsylvania 19007
(Address of principal executive offices) (Zip Code)
(267) 540-8500
(Registrant’s telephone number, including area code)
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:
¨ 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))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 8.01 | Other Events. |
On March 22, 2021, William Penn Bank (the “Bank”) issued a press release announcing that Alan B. Turner has been appointed Executive Vice President and Chief Lending Officer of the Bank. A copy of the press release is included as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Other Exhibits. |
| (d) | Exhibits |
| Number | Description | |
| 99.1 | Press Release dated March 22, 2021 |
SIGNATURE
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 thereunto duly authorized.
| WILLIAM PENN BANCORPORATION | ||
| Date: March 22, 2021 | By: | /s/ Kenneth J. Stephon |
| Kenneth J. Stephon | ||
| President and Chief Executive Officer | ||
Exhibit 99.1
FOR IMMEDIATE RELEASE
| DATE: | March 22, 2021 |
| CONTACT: | Kenneth J. Stephon |
| President and Chief Executive Officer | |
| PHONE: | 267-540-8500 |
WILLIAM PENN BANK ANNOUNCES
THE APPOINTMENT OF ALAN B. TURNER AS
EXECUTIVE VICE PRESIDENT & CHIEF LENDING OFFICER
BRISTOL, PA – March 22, 2021 – William Penn Bank (the “Bank”), a community bank headquartered in Bristol, Bucks County, PA, is pleased to announce that Alan Turner has joined the Bank as Executive Vice President and Chief Lending Officer, further strengthening the Bank’s executive leadership team. In this role, Mr. Turner will be responsible for managing all aspects of the Bank’s lending business, including all commercial, real estate, construction, and residential lending.
Prior to joining William Penn Bank, Mr. Turner spent 20 years at Two River Community Bank, where he served as Executive Vice President and Senior Loan Officer, overseeing growth in the bank’s loan portfolio from $20 million upon his arrival to over $970 million at the time of the bank’s acquisition by OceanFirst Bank in January 2020. He remained with OceanFirst Bank as Senior Vice President and Regional Commercial Lending Manager until joining William Penn Bank.
“Alan Turner is an immensely talented executive who will lead the growth of our lending activities throughout our market area,” said Kenneth J. Stephon, Chairman, President and CEO of William Penn Bank. “We are fortunate to have such an exceptional executive taking the helm of our lending business.”
Mr. Turner earned a B.A. Degree in Justice from The American University in Washington, DC and is a graduate of George School in Newtown, PA.
About William Penn Bank
William Penn Bank serves the Delaware Valley area through thirteen full-service branch offices in Bucks County and Philadelphia, Pennsylvania, and Burlington and Camden Counties in New Jersey. The Bank’s executive offices are located at 10 Canal Street, Bristol, Pennsylvania 19007. William Penn Bank’s deposits are insured up to the legal maximum (generally $250,000 per depositor) by the Federal Deposit Insurance Corporation (FDIC). The primary federal regulator for William Penn Bank is the FDIC. For more information about the Bank, please visit www.williampenn.bank.