MPB 2025 Special Meeting Proxy Statement

MIDPENNSPECIALMEETING—PROPOSALNO.2 ........................................ 113 MIDPENNADJOURNMENTPROPOSAL .................................................. 113 INFORMATIONABOUTMIDPENNBANCORP,INC. ....................................... 114 Business ............................................................................. 114 THEWILLIAMPENNSPECIALMEETING................................................. 115 WILLIAMPENNSPECIALMEETING—PROPOSALNO.1 ................................... 118 WILLIAMPENNMERGERPROPOSAL.................................................... 118 WILLIAMPENNSPECIALMEETING—PROPOSALNO.2 ................................... 118 WILLIAMPENNADJOURNMENTPROPOSAL ............................................. 118 INFORMATION ABOUT WILLIAM PENN BANCORPORATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119 Business ............................................................................. 119 COMPARISONOFSHAREHOLDERS’RIGHTS ............................................. 120 COMMONSTOCKINFORMATION ....................................................... 125 LEGALMATTERS ..................................................................... 126 EXPERTS ............................................................................. 127 OTHERMATTERS ..................................................................... 128 WHEREYOUCANFINDMOREINFORMATION ........................................... 129 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 Annex A Agreement and Plan of Merger, dated October 31, 2024 A-1 Annex B Opinion of Piper Sandler & Co. B-1 Annex C Opinion of Keefe, Bruyette & Woods, Inc. C-1 iv

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