SETTLEMENT AGREEMENTSettlement Agreement • November 7th, 2008 • Prudential Bancorp Inc of Pennsylvania • Savings institutions, not federally chartered • Pennsylvania
THIS SETTLEMENT AGREEMENT (the “Settlement Agreement”), dated this 7th day of November 2008, is by and among Prudential Mutual Holding Company (the “MHC”), Prudential Bancorp, Inc. of Pennsylvania (the “Company”) and Prudential Savings Bank (the “Bank,” and collectively with the MHC and the Company, “Prudential”), and Stilwell Value Partners I, L.P. (“Stilwell Value Partners”), Stilwell Partners, L.P., Stilwell Value LLC, Joseph Stilwell, an individual, and John Stilwell, an individual (collectively, the “Stilwell Group,” individually, a “Stilwell Group Member”).
