The Merger is Complete!

Dear Valued Customer:

We are proud to announce that as of July 1st Audubon Savings Bank officially became part of William Penn Bank! The merger of our two banks combines the best of our respective community-focused financial institutions and will enable us to provide you with an even broader range of products and services while preserving a high level of customer service. We are pleased and proud to have our customers join William Penn Bank.

Because our merger involves two community banks with similar core values, you can expect our combined bank to maintain the same hometown feel that you have come to expect from us. You will continue to be served by the same familiar Audubon Savings staff. The Audubon Savings Bank name will remain in place, and banking with us will remain the same until the systems conversion date, which is scheduled for November 10, 2018. At that time, we will complete the changeover to William Penn Bank, and we will make the transition as smooth as possible for our customers. Leading up to the conversion date, we will regularly provide you with information and details about your Audubon Savings accounts.

William Penn Bank has been an integral part of its community since 1870, and has a rich tradition of serving the individuals, families, business, and organizations of Bucks County, PA through many generations of customers. Exceptional service is a hallmark of the Bank, which matches perfectly with our longstanding commitment to service at Audubon Savings Bank.

Our Board of Directors, Management and Staff look forward to welcoming you and all Audubon Savings Bank customers to the William Penn Bank family. As always, serving your banking needs is our highest priority. We are excited about the opportunities that lay ahead and we are looking forward with great anticipation to our future together.


Terry

Terry L. Sager
President
Chief Executive Officer

Ken Stephon

Kenneth J. Stephon
Sr. Executive Vice President
Chief Operating Officer