William Penn Bancorporation: management transactions · United States · SEC (Form 4)

About William Penn Bancorporation

William Penn Bancorporation (NASDAQ Capital Market: WMPN) was a United States-based bank holding company headquartered in Bristol, Pennsylvania, serving the greater Delaware Valley region. Prior to its acquisition by Mid Penn Bancorp, the company operated as the parent of William Penn Bank and focused on community banking for individuals, small businesses, and middle-market customers. Its core franchise was built around traditional deposit gathering, residential mortgage lending, commercial lending, commercial real estate finance, and other conventional banking services delivered through a local branch network. The company’s modern corporate history began with a structural conversion completed in 2021. William Penn Bancorporation was incorporated in July 2020 in Maryland as the successor entity to William Penn Bancorp, and the second-step conversion from a mutual holding company structure to a stock holding company structure closed on March 24, 2021. That transaction gave the institution access to public equity capital and marked its transition into a fully public bank holding company, while preserving a community-banking operating model rooted in its local markets. Operationally, William Penn Bank maintained a relatively compact but meaningful regional footprint. As of June 30, 2023, it operated 12 branch offices across Bucks and Philadelphia Counties in Pennsylvania and Burlington, Camden, and Mercer Counties in New Jersey. This geography reflected a deliberately focused strategy: remain a relationship-driven local bank, deepen penetration in its existing markets, and selectively expand commercial and real-estate lending. The company also concentrated non-branch functions in Bristol, Pennsylvania, and centralized loan origination and servicing administration in Philadelphia. In terms of recent developments, the most important event was the announced and completed merger with Mid Penn Bancorp. The transaction closed on April 30, 2025, after which William Penn’s common stock was delisted from Nasdaq following the close of trading. Under the merger terms, William Penn shareholders received Mid Penn common stock in exchange for their WMPN shares. For investors, this means William Penn Bancorporation should now be viewed primarily through the lens of a completed banking consolidation rather than as an ongoing standalone public company. From a competitive standpoint, William Penn was a small regional player in U.S. community banking, competing on proximity, relationship banking, and local credit expertise rather than on scale. Its market relevance came from its concentrated presence in southeastern Pennsylvania and southern New Jersey, where it served a niche customer base with familiar, deposit-funded banking products and real-estate-oriented lending.