EXHIBIT 99.1

For Immediate Release

Contact:          Frederick L. Hickman, President and CEO
                  (570) 344-6113

              NORTH PENN BANCORP, INC. ANNOUNCES INTENTION TO ADOPT
                      PLAN OF CONVERSION AND REORGANIZATION

Scranton, PA, March 22, 2007 - North Penn Bancorp, Inc. (the "Company") (OTCBB:
NPEN), holding company for North Penn Bank, announced today that the Board of
Directors of the Company has unanimously resolved to convert from the mutual
holding structure to a fully-public bank holding company. The Board of Directors
intends to adopt a Plan of Conversion and Reorganization in April 2007.

North Penn Bank will reorganize from the two-tier mutual holding company
structure to a stock holding company structure and the Company will undertake a
"second-step" stock offering of new shares of common stock. North Penn Mutual
Holding Company (the "MHC"), which owns approximately 53.9% of the outstanding
common stock of the Company, will be merged with and into the Company as part of
the reorganization. North Penn Bank converted from a mutual savings bank to the
two-tier holding company structure in 2005 and concurrently offered and sold a
minority of the shares of the mid-tier stock holding company created at that
time.

Shareholders, other than the MHC, will receive new shares of common stock of the
Company pursuant to an "exchange ratio" designed to preserve their aggregate
percentage ownership interest. The exchange ratio will be determined based upon
an appraisal of the Company, which is to be performed by an independent
appraiser. Additionally, the shares held by the MHC will be retired and the
Company will offer and sell shares of common stock in an amount representing the
percentage ownership interest currently held by the MHC, also to be based on an
appraisal of the Company. The shares will be offered and sold in a subscription
offering to depositors and, if necessary, a direct community offering and/or
syndicated community offering.

The conversion and reorganization will be subject to approval of North Penn
Bank's depositors, the Company's shareholders (other than the MHC) and
regulatory agencies.

Muldoon Murphy & Aguggia LLP will serve as special counsel to the Company for
the conversion. Ryan Beck & Co., Inc. will serve as financial advisor.

Information, including the details of the offering and business and financial
information about the Company and North Penn Bank, will be provided in proxy
materials and a prospectus when the offering commences, expected to be during
the third quarter of 2007.

North Penn Bank is headquartered in Scranton, Pennsylvania and operates through
five banking offices in Scranton, Stroudsburg, Clarks Summit and Effort,
Pennsylvania.



This release is neither an offer to sell nor a solicitation of an offer to buy
common stock. The offer is made only by the prospectus when accompanied by a
stock order form. The shares of common stock of the Company are not savings
accounts or savings deposits, may lose value and are not insured by the Federal
Deposit Insurance Corporation or any other government agency.

This press release contains certain forward-looking statements about the
conversion. Forward-looking statements include statements regarding anticipated
future events and can be identified by the fact that they do not relate strictly
to historical or current facts. They often include words such as "believe,"
"expect," "anticipate," "estimate," and "intend" or future or conditional verbs
such as "will," "would," "should," "could," or "may." Forward-looking
statements, by their nature, are subject to risks and uncertainties. Certain
factors that could cause actual results to differ materially from expected
results include delays in adoption or consummation of the Plan of Conversion and
Reorganization, difficulties in selling the conversion stock or in selling the
conversion stock within the expected time frame, increased competitive
pressures, changes in the interest rate environment, general economic conditions
or conditions within the securities markets, and legislative and regulatory
changes that could adversely affect the business in which the Company is
engaged.