LEVITTOWN, PA / ACCESSWIRE / December 17, 2015 / William Penn Bancorp, Inc. (OTC Pink: WMPN) (the "Company"), the holding company for William Penn Bank, announced today that the Board of Directors has authorized the Company to repurchase up to approximately 38,332 shares, or 4%, of the Company's outstanding common stock, excluding shares held by William Penn, MHC ("MHC"). In addition, the MHC, the majority shareholder of the Company, announced today that its Board of Directors has also approved the purchase of 38,332 shares, or 4%, of the Company's common stock, excluding shares held by the MHC. The repurchases will be made from time to time in open market or privately negotiated transactions at the discretion of management during the next twelve months, or such shorter or longer time as the Company may decide, subject to the availability of stock. The timing of the repurchases will depend on market conditions and other requirements. Terry L. Sager, President of the Company, stated that "we believe, at current levels, the repurchase of our public shares of common stock represents an appropriate use of our capital and could potentially enhance shareholder value in the Company by increasing return on equity and net income per share."

William Penn, MHC is a federally chartered mutual holding company and majority shareholder of William Penn Bancorp, Inc. William Penn Bancorp, Inc. is the mid-tier holding company for William Penn Bank which operates from its main office in Levittown, Pennsylvania, and branch offices located in Morrisville and Richboro, Pennsylvania. William Penn Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). William Penn Bancorp's common stock is traded on the OTC Pink Marketplace under the symbol "WMPN."

This release may contain forward-looking statements. Forward-looking statements are statements that include projections, predictions, expectations or beliefs about events or results or otherwise are not statements of historical facts, including statements about enhancing shareholder value, increasing return on equity and increasing net income per share These statements may be identified by such words as "should," "expect," "believe," "view," "opportunity," "allow," "continues," "reflects," "typically," "usually," "anticipate" or similar words or variations of such terms. Actual results could differ materially from those set forth in such statements and there can be no assurances that our repurchase plan will enhance shareholder value, improve our return on equity or net income per share. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements. William Penn, MHC and William Penn Bancorp, Inc. do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

FOR FURTHER INFORMATION CONTACT:

Terry L. Sager, President and CEO
(215) 945-1200

SOURCE: William Penn Bancorp, Inc.