UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) January 24, 2007 ______________________________ Willow Financial Bancorp, Inc. ______________________________________________________________________________ (Exact name of registrant as specified in its charter) Pennsylvania 000-49706 80-0034942 ______________________________________________________________________________ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 170 South Warner Road, Wayne, Pennsylvania 19087 ______________________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610) 995-1700 ___________________________ Not Applicable ______________________________________________________________________________ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events ------------ On January 24, 2007, Willow Financial Bancorp, Inc. (the "Company") issued a press release announcing a $0.12 per share cash dividend, a 5% stock dividend and a 5% stock repurchase plan. The cash dividend and stock dividend will be payable on February 23, 2007 to stockholders of record on February 9, 2007. The cash dividend will be payable on the shares of the Company's common stock which were outstanding immediately prior to the stock dividend. For additional information, reference is made to the Company's press release dated January 24, 2007, which is included as Exhibit 99.1 hereto and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits --------------------------------- (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits The following exhibits are included herewith. Exhibit Number Description ------------------ ---------------------------------------- 99.1 Press release dated January 24, 2007 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WILLOW FINANCIAL BANCORP, INC. Date: January 26, 2007 By: /s/ Joseph T. Crowley --------------------------------- Joseph T. Crowley Chief Financial Officer 3 INDEX TO EXHIBITS Exhibit Number Description ------------------ ---------------------------------------- 99.1 Press release dated January 24, 2007