BRISTOL, PA / ACCESSWIRE / May 5, 2023 / William Penn Bancorporation ("William Penn" or the "Company") (NASDAQ CM:WMPN), the parent company of William Penn Bank (the "Bank"), today announced that the Company's Board of Directors has authorized a new stock repurchase program to acquire up to 1,281,019 shares, or approximately 10.0%, of the Company's currently issued and outstanding common stock, commencing upon the completion of the Company's existing stock repurchase program. The new stock repurchase program was adopted following the Company's consultation with the Federal Reserve Bank of Philadelphia.
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