William Penn Bancorp, Inc. and William Penn Bank Names Kenneth J. Stephon as President
September 19, 2018 at 06:36 am EDT
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William Penn Bancorp, Inc. the mid-tier holding company for William Penn Bank (the "Bank"), announced that effective October 1, 2018, Kenneth J. Stephon will be named President of the Company, the Bank, and William Penn, MHC (together, "William Penn"). Current President and Chief Executive Officer, Terry L. Sager, will remain in her role as CEO until her retirement in early February 2019. At that time, Mr. Stephon will succeed Mrs. Sager as Chief Executive Officer of William Penn. Mrs. Sager will work closely with Mr. Stephon throughout the transition period, and will subsequently remain with William Penn as a member of the Board of Directors. Mr. Stephon joined William Penn as Senior Executive Vice President, Chief Operating Officer, and Director on July 1, 2018 as part of its merger with Audubon Savings Bank, where Mr. Stephon was President, CEO, and a director. He brings to William Penn over 35 years of community banking experience. He received a B.S. Degree in Accounting from Trenton State College (The College of New Jersey) and an MBA from Rider University.
William Penn Bancorporation is a bank holding company. The Company, through its subsidiary, William Penn Bank (Bank) provides one-to four-family residential real estate mortgage loans, home equity lines of credit, construction residential and one- to-four-family investor commercial real estate, non-residential real estate, multi-family and construction and land loans. The Company offers traditional banking and related financial services to individual, business, and government customers. Through its branch network, the Bank offers an array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial and mortgage loans, and the providing of other financial services. The Bank serves the Delaware Valley area through approximately 12 full-service branch offices in Bucks County and Philadelphia, Pennsylvania, Burlington, Camden, and Mercer Counties in New Jersey.
WILLIAM PENN BANCORPORATION 
