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William Penn Bancorporation Announces Completion of Second-Step Conversion and Subscription Offering

BRISTOL, PA / ACCESWIRE / March 24, 2021 / William Penn Bancorporation, a Maryland corporation (the "Company") (NASDAQ:WMPN), announced today that it has completed its "second-step" conversion pursuant to which William Penn, MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for William Penn Bank (the "Bank"), sold 12,640,035 shares of common stock at $10.00 per share, for gross offering proceeds of $126.4 million in its subscription offering.