X0202 4 2005-08-31 0001163428 WILLOW GROVE BANCORP INC/NEW WGBC 0001235872 COUGHEY DONNA M C/O WILLOW GROVE BANK WELSH AND NORRISTOWN ROADS MAPLE GLEN PA 19002 1 1 0 0 (3) Common Stock 2005-08-31 4 A 0 2571 A 16317 D Common Stock 2005-08-31 4 A 0 1800 A 1800 I By spouse Stock Option (Right to Buy) 9.25 2005-08-31 4 A 0 2574 A 2012-06-19 Common Stock 2574 2574 D Stock Option (Right to Buy) 12.84 2005-08-31 4 A 0 17490 A 2013-06-30 Common Stock 17490 17490 D Pursuant to the merger agreement between Willow Grove Bancorp, Inc. (the "Issuer") and Chester Valley Bancorp Inc. ("CVAL") each share of CVAL's common stock was converted into the right to receive either $27.90 in cash or 1.4823 shares of the Issuer's common stock, subject to the allocation, election and proration provisions of the merger agreement. The number of shares reflected herein are subject to change upon completion of the allocation, election, and proration procedures required in the merger agreement. The option, which originally represented an option to acquire shares of CVAL common stock, became fully exercisable as a result of the merger and converted into an option to acquire shares of the Issuer's common stock with the number of shares subject to the option and the exercise price adjusted based on the exchange ratio of 1.4823. (3) - President and Chief Executive Officer /s/ Donna M. Coughey by Joseph T. Crowley, P.O.A. 2005-09-02