Delanco Bancorp Inc. (OTCMKTS:DLNO): Announcement Of The Results Of Subscription And Community Offering

On September 27, 2013 Delanco Bancorp, Inc. which is the holding company for Delanco Federal Savings Bank, announced that, the Company has received orders for adequate number of shares to complete the offering, based on its primary results of the subscription and community offering of Delanco Bancorp Inc.

Delanco Bancorp Inc. (OTCMKTS:DLNO)’s primary goal is to improve its capital position and to achieve this the Board Of Directors (BOD) of the company has resolved to increase the purchase limitations in the offering and will offer to only those who have subscribed for maximum number of shares during the subscription and community offering.

To increase the maximum purchase limitation from 22,000 shares to 5.0% of the shares sold in the offering, the new Delanco Bancorp is going to file a prospectus supplement with the Securities and Exchange Commission. After the receipt of any necessary regulatory approval, further the Delanco Bancorp Inc. (OTCMKTS:DLNO) may increase the purchase limitation from 5% to 8.99% of the total number of shares to be sold in the offering, if the orders for stock in excess of 5% of the total offerings shall not exceed 10% of the offering.

Delanco Bancorp Inc. (OTCMKTS:DLNO) may possibly continue the community offering and can solicit additional purchasers to the extent the shares remain available for sale after existing subscribers have had the opportunity to increase their orders.

Delanco Bancorp Inc. (OTCMKTS:DLNO) is expecting to close the offerings not more than the midpoint of the range of the offerings subject to approval from final regulatory, stockholders and members.

Delanco Bancorp Inc. (OTCMKTS:DLNO) is going to maintain the orders which it received in the subscription and community offering along with interest on the funds of the subscribers. All eligible subscribers and community members will have their orders filled in accordance with the terms of the Plan of Conversion if they have completed a stock order form properly and submitted it timely.

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