William Penn board authorizes stock repurchase program up to 10% of stock

William Penn Bancorporation announced that the Company’s Board of Directors has authorized a new stock repurchase program to acquire up to 1,138,470 shares, or approximately 10.0%, of the Company’s currently issued and outstanding common stock. The new stock repurchase program was authorized following the completion of the Company’s previously announced stock repurchase program on August 28, 2023. The new stock repurchase program was adopted following the Company’s consultation with the Federal Reserve Bank of Philadelphia.