THE COMPANY

PENNSYLVANIA TRUST WELCOMES NEW TAX ADMINISTRATION TEAM MEMBERS
February 2010

Richardson T. Merriman, President and Chief Executive Officer of Pennsylvania Trust, is pleased to announce the addition of Jeanne M. Stagloff and Diane A. Ferrie to the Tax Administrative staff of Pennsylvania Trust.

Jeanne, Vice President, Tax Administration, brings over 30 years of experience in the tax preparation industry where she has served with various accounting and law firms. Her responsibilities for Pennsylvania Trust include the preparation of individual, fiduciary and private foundation tax returns.

She is a graduate of Indiana University of Pennsylvania and also holds a Master of Taxation from Villanova University. She is an Enrolled Agent licensed to practice before the IRS and a member of the National Association of Enrolled Agents and the Pennsylvania Society of Enrolled Agents.

Jeanne’s community involvement includes serving on the board of The Bethesda Project, a public charity for the homeless in Philadelphia, among other community outreach activities, and has served on the Great Valley Citizens Local Tax Study Commission.

Diane, Senior Tax Accountant, was a tax supervisor at Elko & Associates, a local accounting firm, and holds an accounting degree from Widener University. Her responsibilities at Pennsylvania Trust include work on individual and fiduciary income tax return preparation as well as preparation of estate and inheritance tax returns. Diane is actively involved with the March of Dimes of Delaware County.