 BRISTOL, PA ACCESWIRE March 24, 2021 William Penn Bancorporation, a Maryland corporation the Company NASDAQ:WMPN, announced today that it has completed its second-step conversion pursuant to which William Penn, MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for William Penn Bank the Bank, sold 12,640,035 shares of common stock at 10.00 per share, for gross offering proceeds of 126.4 million in its subscription offering. 