William Penn Bancorporation is the holding company for William Penn Bank, a community bank with 12 branches across the Philadelphia suburbs and Southern New Jersey, serving Bucks and Philadelphia Counties in Pennsylvania and Burlington, Camden, and Mercer Counties in New Jersey. The bank operates on the traditional community banking model: taking in deposits from local residents and businesses and lending that money out, primarily as real estate loans. The loan portfolio is heavily concentrated in real estate, with commercial and multi-family real estate (~37% of loans), one- to four-family residential mortgages (~27%), and investor-owned small residential rental properties (~20%) making up the bulk of lending. The bank funds itself primarily through local deposits — checking, savings, money market accounts, and CDs — supplemented by Federal Home Loan Bank borrowings. Profitability is driven by the net interest margin, with loan volume, interest rate sensitivity, loan mix, credit quality, and deposit costs as the key earnings drivers. The bank also holds an investment securities portfolio, primarily agency mortgage-backed securities and municipal bonds, for additional interest income and liquidity. William Penn Bank has grown through acquisitions of Audubon Savings Bank (2018), Fidelity Savings and Loan, and Washington Savings Bank (both 2020), and completed a second-step mutual-to-stock conversion in 2021, raising ~$126M in gross proceeds to support future growth and M&A.