Abington Bancorp, Inc. is a one-bank holding company for Abington Savings Bank (the Bank). The Companys primary business is serving as the holding company of the Bank. Abington Bancorp is engaged principally in the business of attracting deposits from the general public, borrowing funds and investing those deposits and funds. In its investments, the Company has emphasized various types of residential and commercial real estate loans, commercial loans, residential construction loans, consumer loans and investments in securities. As of December 31, 2002, Abington Bancorp had total assets of $903.2 million and total deposits of $646.6 million.