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)       August 1, 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 August 1, 2007, Willow Financial Bancorp, Inc. (the "Company") issued
a press release announcing a $0.115 per share cash dividend, payable on the
shares of the Company's common stock.  The cash dividend will be payable on
August 24, 2007 to shareholders of record as of the close of business on August
10, 2007.

     For additional information, reference is made to the Company's press
release dated August 1, 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 August 1, 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:  August 6, 2007         By:  /s/Joseph T. Crowley
                                   ------------------------------------------
                                   Joseph T. Crowley
                                   Chief Financial Officer






































                                    3


                            INDEX TO EXHIBITS


     Exhibit Number      Description
     --------------      ----------------------------------
     99.1                Press release dated August 1, 2007