X0202 4 2006-01-06 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 2006-01-06 4 A 0 13548 0 A 46720 D Common Stock 1800 I By Spouse Common Stock 13746 I By IRA Common Stock 2046 I By ESOP Represents the grant of 13,548 shares pursuant to the 2005 Recognition and Retention Plan that vest over three years at 33.33% per year commencing on January 6, 2007. The 2,046 shares held in the Chester Valley Bancorp Inc. Employee Stock Ownership Plan are included herein based on a statement received by the reporting person since the last filed report. (3) - President and Chief Executive Officer /s/ Donna M. Coughey by Mary R. Rossi as Power of Attorney 2006-01-10