X0202 4 2005-09-14 0 0001163428 WILLOW GROVE BANCORP INC/NEW WGBC 0001213462 BELL CHRISTOPHER E WELSH & NORRISTOWN ROADS MAPLE GLEN PA 19002 0 1 0 0 SVP, Chief Accounting Officer Common Stock 2005-09-14 4 S 0 2163 15.90 D 34196 D Common Stock 466 I By Wife Common Stock 6727 I By IRA Common Stock 14778 I By 401(k) Common Stock 5893 I ESOP Common Stock 8294 I By Deferred Compenastion Plan Includes 16,328 shares held in the 1999 and 2002 Recongition and Retention Plan Trusts allocated to the Reporting Person and that vest in five equal annual installments beginning 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. Christopher E. Bell 2005-09-15