RP® FINANCIAL, LC.
Financial Services Industry Consultants
December 19, 2007
Board of Directors
William Penn Bank, FSB
8150 Route 13
Levittown, Pennsylvania 19057
Members of the Board of Directors:
We hereby consent to the use of our firm’s name in the Forms MHC-1, MHC-2, H-(e)1 and any amendments thereto, and in the Registration Statement on Form SB-2, and any amendments thereto. We also hereby consent to the inclusion of, summary of and references to our Appraisal and our statement concerning subscription rights in such filings including the prospectus of William Penn Bancorp, Inc.
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| Sincerely, |
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Washington Headquarters |
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Rosslyn Center |
| Telephone: (703) 528-1700 |