Willow Grove Bancorp, Inc. (WGBC) President and CEO to Ring the NASDAQ Stock Market Closing Bell

MEDIA ADVISORY, Sept. 20, 2006 (PRIMEZONE) --

What: Donna Coughey, President and CEO of Willow Grove Bancorp, Inc. (WGBC) will preside over the closing bell to celebrate its one-year anniversary of Willow Grove merging with Chester Valley. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Thursday September 21st, 2006 at 4:00 p.m. EDT Contacts: Paul Johnson Associate Vice President Gregory FCA Communications 267-280-7524 paul@gregoryfca.com NASDAQ MarketSite: Stephanie Lowenthal; 646.441.5220

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Willow Grove Bancorp, Inc. (WGBC):

Willow Grove Bank, a federally chartered savings bank established in 1909, is a wholly owned subsidiary of Willow Grove Bancorp, Inc., (Nasdaq/NMS:WGBC). The Bank operates two divisions. The Willow Grove Division is headquartered in Maple Glen, Pennsylvania, with 14 additional branch locations in Eastern Montgomery, Bucks and Philadelphia counties. The First Financial Division, headquartered in Downingtown, Pennsylvania has 13 additional locations in Chester County. For more information regarding the bank, go online to willowgrovebank.com

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