X0202 4 2006-02-16 0001163428 WILLOW GROVE BANCORP INC/NEW WGBC 0001213462 BELL CHRISTOPHER E C/O WILLOW GROVE BANK WELSH AND NORRISTOWN ROADS MAPLE GLEN PA 19002 0 1 0 0 (3) Common Stock 2006-02-16 4 S 0 2164 16.3318 D 29132 D Common Stock 466 I By Wife Common Stock 20792 I By 401(k)/ESOP Common Stock 6727 I By IRA Common Stock 10294 I By Deferred Compensation Plan Includes 10,164 shares held in the 1999 and 2002 Recognition and Retention Plan Trusts allocated to the reporting person that vest in five equal annual installments commencing on the first anniversary of the date of grant. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. (3) Senior Vice President and Chief Accounting Officer /s/ Christopher E. Bell by Mary R. Rossi as Power of Attorney 2006-02-17