Exhibit 99.1

Press Release		For Immediate Release Contact:    Robert W. White,    Chairman, President and CEO      or    Jack Sandoski,    Senior Vice President and CFO    (215) 886-8280

ABINGTON BANCORP, INC. ANNOUNCES RESULTS FOR THE FOURTH QUARTER OF 2010

Jenkintown, PA (January 26, 2011) — Abington Bancorp, Inc. (the “Company”) (Nasdaq Global Select: ABBC), the parent holding company for Abington Bank (the “Bank”), reported net income of $1.9 million for the quarter ended December 31, 2010, compared to a net loss of $2.0 million for the quarter ended December 31, 2009. The Company’s basic and diluted earnings per share were $0.11 and $0.09, respectively, for the fourth quarter of 2010 compared to basic and diluted loss per share of $0.10 for the fourth quarter of 2009. Additionally, the Company reported net income of $7.7 million for the year ended December 31, 2010, compared to a net loss of $7.2 million for the year ended December 31, 2009. Basic and diluted earnings per share were $0.41 and $0.39, respectively, for 2010 compared to basic and diluted loss per share of $0.36 for 2009.

Mr. Robert W. White, Chairman, President and CEO of the Company, stated, “We are very pleased to announce our results for the quarter and the full year. Abington Bancorp ended 2010 with solid earnings and marked improvement in the reduction of our non-performing assets. Supported by our strong capital and liquidity positions, we increased our dividend from $0.05 to $0.06 for the fourth quarter of 2010.”

Net Interest Income

Net interest income was $8.4 million and $33.3 million for the three months and year ended December 31, 2010, respectively, representing increases of 1.7% and 8.1% over the comparable 2009 periods, respectively. The increases in our net interest income for the 2010 periods over the 2009 periods occurred as lower interest expense more than offset a reduction in interest income. Our average interest rate spread increased to 2.75% and 2.72%, respectively, for the three months and year ended December 31, 2010 from 2.67% and 2.43%, respectively, for the three months and year ended December 31, 2009. The improvements in our average interest rate spread occurred as a decrease in the average yield earned on our interest-earning assets was more than offset by a decrease in the average rate paid on our interest-bearing liabilities. Our net interest margin also increased period-over-period to 2.97% and 2.95%, respectively, for the three months and year ended December 31, 2010 from 2.96% and 2.81%, respectively, for the three months and year ended December 31, 2009.

Interest income for the three months ended December 31, 2010 decreased $1.1 million or 8.1% over the comparable 2009 period to $12.3 million. The decrease occurred as growth in the average balance of our total interest-earning assets was more than offset by a decrease in the average yield earned on those assets. The average balance of our total interest-earning assets increased $15.2 million or 1.4% to $1.13 billion for the fourth quarter of 2010 from $1.11 billion for the fourth quarter of 2009. The increase was driven by increases in the average balances of our investment securities, mortgage-backed securities and other interest-earning assets of $35.2 million, $16.9 million and $24.6 million, respectively. These increases were partially offset by a $61.6 million decrease in the average balance of our loans receivable quarter-over-quarter. The average yield earned on our total interest-earning assets decreased 45 basis points to 4.38% for the fourth quarter of 2010 from 4.83% for the fourth quarter of 2009. The decrease in the average yield earned on our interest-earning assets was primarily the result of the current interest rate environment.

Interest income for the year ended December 31, 2010 decreased $2.4 million or 4.5% over 2009 to $51.3 million. As was the case for the three-month period, the decrease occurred as growth in the average balance of our total interest-earning assets was more than offset by a decrease in the average yield earned on those assets.

Interest expense for the three months ended December 31, 2010 decreased $1.2 million or 23.5% from the comparable 2009 period to $4.0 million. The decrease in our interest expense occurred as a reduction in the average rate paid on our total interest-bearing liabilities more than offset an increase in the average balance of those liabilities. The average rate we paid on our total interest-bearing liabilities decreased 53 basis points to 1.63% for the fourth quarter of 2010 from 2.16% for the fourth quarter of 2009. The average rate we paid on our total deposits decreased 41 basis points quarter-over-quarter, driven by a 24 basis point decrease in the average rate paid on our certificates of deposit and a 51 basis point decrease in the average rate paid on our savings and money market accounts. The average balance of our total deposits increased $62.1 million or 7.9% to $852.8 million for the fourth quarter of 2010 from $790.6 million for the fourth quarter of 2009 due primarily to growth in our core deposits. The average balance of our core deposits increased $78.1 million or 23.7% to $408.0 million for the fourth quarter of 2010 from $329.9 million for the fourth quarter of 2009. The average rate paid on our advances from the Federal Home Loan Bank (“FHLB”) decreased 65 basis points for the fourth quarter of 2010 compared to the fourth quarter of 2009, resulting in a decrease to our interest expense on FHLB advances of $649,000 or 39.6% when combined with a decline of $43.4 million or 29.0% in the average balance of those advances quarter-over-quarter.

Interest expense for the year ended December 31, 2010 decreased $4.9 million or 21.5% from 2009 to $18.0 million. As was the case for the three-month period, the decrease in our interest expense occurred as a decrease in the average rate paid on our total interest-bearing liabilities offset an increase in the average balance of those liabilities.

Provision for Loan Losses and Asset Quality

We recorded a provision for loan losses of $413,000 for the fourth quarter of 2010 compared to $6.4 million for the fourth quarter of 2009. Our provision for loan losses amounted to $977,000 and $18.7 million, respectively, for the years ended December 31, 2010 and 2009. The provision for loan losses is charged to expense as necessary to bring our allowance for loan losses to a sufficient level to cover known and inherent losses in the loan portfolio. The decrease in our provision for loan losses period-over-period is the result of the resolution of certain non-performing loans, as well as an improvement in the overall credit quality of our remaining loan portfolio.

Our non-accrual loans decreased $5.0 million or 41.8% during the fourth quarter of 2010 to $7.0 million at December 31, 2010 compared to $12.0 million at September 30, 2010 and $28.3 million at December 31, 2009. The decrease was due primarily to the transfer of loans with an aggregate outstanding balance of $4.3 million at September 30, 2010 to real estate owned (“REO”) during the quarter. The loans transferred included one construction loan and one commercial real estate loan. In conjunction with these transfers, an aggregate of approximately $612,000 of the aggregate outstanding loan balance was charged-off through the allowance for loan losses during the 2010 fourth quarter. At September 30, 2010, approximately $220,000 of our allowance for loan losses was allocated to these loans. Our total non-performing loans, defined as non-accruing loans and accruing loans 90 days or more past due, decreased to $9.0 million at December 31, 2010 from $12.2 million at September 30, 2010 and $34.6 million at December 31, 2009 as the aforementioned reduction in non-accrual loans was partially offset by an increase in delinquent loans during the fourth quarter of 2010. Our REO increased to $23.6 million at December 31, 2010 from $20.0 million at September 30, 2010 and $22.8 million at December 31, 2009, primarily as a result of the aforementioned transfer of two properties. During the fourth quarter of 2010, we sold one REO property, which had a book value of $400,000 at September 30, 2010. A loss of $4,000 was recognized on the sale. Our total non-performing assets, which include non-performing loans and REO, amounted to $32.6 million at December 31, 2010 compared to $32.2 million at September 30, 2010 and $57.4 million at December 31, 2009, representing a decrease of 43.2% during 2010. At December 31, 2010 and 2009, our non-performing loans amounted to 1.29% and 4.47%, respectively, of loans receivable, and our allowance for loan losses amounted to 47.27% and 26.28%, respectively, of non-performing loans. At December 31, 2010 and 2009, our non-performing assets amounted to 2.62% and 4.64% of total assets, respectively.

Non-Interest Income and Expenses

Our total non-interest income increased to $867,000 for the fourth quarter of 2010 from $503,000 for the fourth quarter of 2009. The increase was due primarily to a $517,000 improvement in our net loss on REO quarter-over-quarter that was partially offset by a $114,000 decrease in our service charge income.

Our total non-interest income increased to $2.6 million for the year 2010 from a loss of $1.5 million for 2009. As was the case for the three-month period, the increase was due primarily to a $4.5 million improvement in loss on REO during 2010 partially offset by a $386,000 decrease in our service charge income.

Our total non-interest expenses for the fourth quarter of 2010 amounted to $6.2 million, representing an increase of $506,000 or 8.9% from the fourth quarter of 2009. The largest increases were in our salaries and employee benefits and deposit insurance premium expenses, which increased $237,000 and $193,000, respectively, quarter-over-quarter. The increase in salaries and employee benefits expenses was due primarily to an increase in our employee profit sharing expense. We had no expense for employee profit sharing during the fourth quarter of 2009 as a result of our net loss for the quarter. The increase in the deposit insurance premium was due to an increase in our regular quarterly premium as a result of a new fee structure implemented by the FDIC and growth in deposits.

Our total non-interest expenses for the year 2010 amounted to $24.7 million, representing an increase of $1.7 million or 7.2% from 2009. Our largest increases were in our salaries and employee benefits, occupancy, and professional services expenses. The increase in salaries and employee benefits expense for the year was, again, primarily driven by the increase in our profit sharing expense. The increase in occupancy expense was due largely to higher real estate taxes. The increase in professional services expenses was due primarily to additional legal fees incurred in conjunction with our resolution of certain non-performing assets.

The Company recorded an income tax expense of approximately $663,000 for the fourth quarter of 2010 compared to an income tax benefit of approximately $1.4 million for the fourth quarter of 2009. The Company recorded an income tax expense of approximately $2.5 million for the year 2010 compared to an income tax benefit of approximately $5.3 million for 2009. For both the three months and year, the fluctuations in our income tax expense were primarily a result of the changes in our pre-tax income.

Statement of Financial Condition

The Company’s total assets increased $9.0 million, or 0.7%, to $1.25 billion at December 31, 2010 compared to $1.24 billion at December 31, 2009. The most significant increases were in our cash and cash equivalents and our investment and mortgage-backed securities, which grew by $33.0 million and $49.9 million, respectively, during 2010. These increases were largely funded by our deposit growth and our loan repayments. Our net loans receivable decreased $68.1 million or 8.9% to $696.4 million at December 31, 2010 from $764.6 million at December 31, 2009. Our gross construction loans decreased $65.1 million during 2010, however, this was partially offset by a $24.1 million decrease in the balance of our loans-in-process. Our one- to four-family residential loans also decreased significantly during 2010 to $393.4 million at December 31, 2010 from $432.0 million at December 31, 2009. Our multi-family residential and commercial real estate loans and our home equity lines of credit increased $5.6 million and $4.9 million, respectively, during 2010.

Our total deposits increased $49.9 million or 5.9% to $900.1 million at December 31, 2010 compared to $850.2 million at December 31, 2009. The increase during 2010 was due primarily to growth in our core deposits. During 2010, our core deposits increased $74.6 million or 19.0% driven by an increase in our savings and money market accounts of $60.6 million, or 22.8%. Our advances from the FHLB decreased $36.9 million or 25.1% to $109.9 million at December 31, 2010 from $146.7 million at December 31, 2009, as we continued to repay existing balances.

Our total stockholders’ equity decreased to $211.9 million at December 31, 2010 from $214.2 million at December 31, 2009. The decrease was due primarily to our purchases of treasury stock and the payment of our quarterly dividends, partially offset by our net income for the period. During 2010 we repurchased approximately 860,000 shares of the Company’s common stock for an aggregate cost of approximately $7.4 million as part of our stock repurchase plans. We paid an aggregate of $4.0 million in cash dividends during 2010, including an increased dividend during the fourth quarter. The Bank’s regulatory capital levels continue to far exceed requirements for well capitalized institutions.

Abington Bancorp, Inc. is the holding company for Abington Bank. Abington Bank is a Pennsylvania-chartered, FDIC-insured savings bank which was originally organized in 1867. Abington Bank conducts business from its headquarters and main office in Jenkintown, Pennsylvania as well as 12 additional full service branch offices and seven limited service banking offices located in Montgomery, Bucks and Delaware Counties, Pennsylvania. As of December 31, 2010, Abington Bancorp had $1.25 billion in total assets, $900.1 million in total deposits and $211.9 million in stockholders’ equity.

This news release contains certain forward-looking statements, including statements about the financial condition, results of operations and earnings outlook for Abington Bancorp, Inc. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company’s reports filed from time-to-time with the Securities and Exchange Commission describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality and interest rate risks associated with the Company’s business and operations and the adequacy of our allowance for loan losses. Other factors described include changes in our loan portfolio, changes in competition, fiscal and monetary policies and legislation and regulatory changes. Investors are encouraged to access the Company’s periodic reports filed with the Securities and Exchange Commission for financial and business information regarding the Company at www.abingtonbank.com under the Investor Relations menu. We undertake no obligation to update any forward-looking statements.

ABINGTON BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

		December 31, 2010				December 31, 2009
ASSETS
Cash and due from banks		$	17,917,261			$	18,941,066
Interest-bearing deposits in other banks			59,769,447				25,773,173
Total cash and cash equivalents			77,686,708				44,714,239
Investment securities held to maturity (estimated fair value—2010, $20,806,340; 2009, $20,787,269)			20,384,781				20,386,944
Investment securities available for sale (amortized cost— 2010, $124,245,038; 2009, $82,905,101)			124,903,901				84,317,271
Mortgage-backed securities held to maturity (estimated fair value—2010, $58,338,548; 2009, $77,297,497)			56,872,188				77,149,936
Mortgage-backed securities available for sale (amortized cost— 2010, $164,632,654; 2009, $133,916,731)			168,172,796				138,628,592
Loans receivable, net of allowance for loan losses (2010, $4,271,618; 2009, $9,090,353)			696,443,502				764,559,941
Accrued interest receivable			4,102,984				4,279,032
Federal Home Loan Bank stock—at cost			13,877,300				14,607,700
Cash surrender value — bank owned life insurance			42,744,766				40,983,202
Property and equipment, net			9,751,694				10,423,190
Real estate owned			23,588,139				22,818,856
Deferred tax asset			3,631,218				4,711,447
Prepaid expenses and other assets			4,938,037				10,531,771
TOTAL ASSETS		$	1,247,098,014			$	1,238,112,121
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:
Deposits:
Noninterest-bearing		$	49,807,778			$	45,146,650
Interest-bearing			850,251,190				805,053,843
Total deposits			900,058,968				850,200,493
Advances from Federal Home Loan Bank			109,874,674				146,739,435
Other borrowed money			15,881,449				16,673,480
Accrued interest payable			912,321				1,807,334
Advances from borrowers for taxes and insurance			2,956,425				3,142,470
Accounts payable and accrued expenses			5,504,215				5,366,909
Total liabilities			1,035,188,052				1,023,930,121
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value, 20,000,000 shares authorized none issued			—				—
Common stock, $0.01 par value, 80,000,000 shares authorized; 24,460,240 shares issued; outstanding: 20,166,742 shares in 2010, 21,049,025 shares in 2009			244,602				244,602
Additional paid-in capital			202,517,175				201,922,651
Treasury stock—at cost, 4,293,498 shares in 2010, 3,411,215 shares in 2009			(34,949,051	)			(27,446,596	)
Unallocated common stock held by:
Employee Stock Ownership Plan (ESOP)			(13,460,338	)			(14,299,378	)
Recognition & Retention Plan Trust (RRP)			(2,589,310	)			(3,918,784	)
Deferred compensation plans trust			(1,045,153	)			(995,980	)
Retained earnings			58,519,670				54,804,913
Accumulated other comprehensive income			2,672,367				3,870,572
Total stockholders’ equity			211,909,962				214,182,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	1,247,098,014			$	1,238,112,121

ABINGTON BANCORP, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

		Three Months Ended December 31,								Year Ended December 31,
		2010				2009				2010				2009
INTEREST INCOME:
Interest on loans		$	9,437,274			$	10,269,490			$	39,202,997			$	40,320,206
Interest and dividends on investment and mortgage-backed securities:
Taxable			2,499,345				2,756,995				10,480,194				11,779,255
Tax-exempt			382,956				399,960				1,554,400				1,604,606
Interest and dividends on other interest-earning assets			28,581				7,539				80,682				41,076
Total interest income			12,348,156				13,433,984				51,318,273				53,745,143
INTEREST EXPENSE:
Interest on deposits			2,973,577				3,550,329				12,674,506				15,439,913
Interest on Federal Home Loan Bank advances			990,772				1,639,615				5,261,704				7,422,856
Interest on other borrowed money			18,255				17,553				72,939				73,767
Total interest expense			3,982,604				5,207,497				18,009,149				22,936,536
NET INTEREST INCOME			8,365,552				8,226,487				33,309,124				30,808,607
PROVISION FOR LOAN LOSSES			413,105				6,412,757				976,550				18,736,847
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			7,952,447				1,813,730				32,332,574				12,071,760
NON-INTEREST INCOME (LOSS)
Service charges			297,952				411,925				1,201,750				1,587,440
Income on bank owned life insurance			434,573				444,835				1,761,564				1,798,313
Net loss on real estate owned			(42,090	)			(558,945	)			(1,033,438	)			(5,542,750	)
Net gain on sale of securities			—				—				—				5,102
Other income			176,876				204,917				709,787				656,754
Total non-interest income (loss)			867,311				502,732				2,639,663				(1,495,141	)
NON-INTEREST EXPENSES
Salaries and employee benefits			3,068,370				2,831,551				11,963,396				11,335,543
Occupancy			654,585				660,390				2,724,441				2,394,930
Depreciation			212,756				229,924				889,851				906,581
Professional services			372,910				289,138				1,902,382				1,323,161
Data processing			487,689				430,739				1,771,521				1,606,529
Deposit insurance premium			534,029				341,433				1,911,391				1,827,672
Advertising and promotions			117,850				132,407				545,816				442,076
Director compensation			142,550				227,231				739,758				900,795
Other			621,796				563,748				2,288,681				2,331,321
Total non-interest expenses			6,212,535				5,706,561				24,737,237				23,068,608
INCOME (LOSS) BEFORE INCOME TAXES			2,607,223				(3,390,099	)			10,235,000				(12,491,989	)
PROVISION (BENEFIT) FOR INCOME TAXES			663,324				(1,398,798	)			2,545,224				(5,299,167	)
NET INCOME (LOSS)		$	1,943,899			$	(1,991,301	)		$	7,689,776			$	(7,192,822	)
BASIC EARNINGS (LOSS) PER COMMON SHARE		$	0.11			$	(0.10	)		$	0.41			$	(0.36	)
DILUTED EARNINGS (LOSS) PER COMMON SHARE		$	0.09			$	(0.10	)		$	0.39			$	(0.36	)
BASIC AVERAGE COMMON SHARES OUTSTANDING:			18,428,186				19,339,207				18,684,819				19,805,868
DILUTED AVERAGE COMMON SHARES OUTSTANDING:			20,871,106				19,339,207				19,929,404				19,805,868

ABINGTON BANCORP, INC.

UNAUDITED SELECTED FINANCIAL DATA

		Three Months Ended								Year Ended
		December 31,								December 31,
		2010				2009				2010				2009
Selected Operating Ratios(1):
Average yield on interest-earning assets			4.38	%			4.83	%			4.55	%			4.90	%
Average rate on interest-bearing liabilities			1.63	%			2.16	%			1.83	%			2.47	%
Average interest rate spread(2)			2.75	%			2.67	%			2.72	%			2.43	%
Net interest margin(2)			2.97	%			2.96	%			2.95	%			2.81	%
Average interest-earning assets to average interest-bearing liabilities			115.26	%			115.63	%			114.32	%			118.21	%
Net interest income after provision for loan losses to non-interest expense			128.01	%			31.79	%			130.70	%			52.33	%
Total non-interest expense to average assets			1.99	%			1.84	%			1.97	%			1.91	%
Efficiency ratio(3)			67.29	%			65.37	%			68.81	%			78.70	%
Return on average assets			0.62	%			(0.64	)%			0.61	%			(0.59	)%
Return on average equity			3.64	%			(3.63	)%			3.60	%			(3.15	)%
Average equity to average assets			17.06	%			17.70	%			17.00	%			18.85	%
Asset Quality Ratios(4):
Non-performing loans as a percent of total loans receivable(5)			1.29	%			4.47	%			1.29	%			4.47	%
Non-performing assets as a percent of total assets(5)			2.62	%			4.64	%			2.62	%			4.64	%
Allowance for loan losses as a percent of non-performing loans			47.27	%			26.28	%			47.27	%			26.28	%
Allowance for loan losses as a percent of total loans			0.61	%			1.17	%			0.61	%			1.17	%
Net charge-offs to average loans receivable			0.47	%			8.49	%			0.81	%			2.81	%
Capital Ratios(6):
Tier 1 leverage ratio			13.84	%			13.14	%			13.84	%			13.14	%
Tier 1 risk-based capital ratio			23.31	%			20.04	%			23.31	%			20.04	%
Total risk-based capital ratio			23.89	%			21.16	%			23.89	%			21.16	%

ABINGTON BANCORP, INC.

UNAUDITED SELECTED FINANCIAL DATA (continued)

		December 31,				September 30,				December 31,
		2010				2010				2009
		(Dollars in Thousands)
Non-accruing loans:
One- to four-family residential		$	—			$	—			$	237
Multi-family residential and commercial real estate(1)			1,348				3,455				4,801
Construction			5,664				8,583				23,303
Commercial business			—				—				—
Home equity lines of credit			—				—				—
Consumer non-real estate			—				—				—
Total non-accruing loans			7,012				12,038				28,341
Accruing loans 90 days or more past due:
One- to four-family residential			1,211				60				110
Multi-family residential and commercial real estate			725				—				—
Construction			14				16				5,998
Commercial business			—				—				—
Home equity lines of credit			76				107				141
Consumer non-real estate			—				—				—
Total accruing loans 90 days or more past due			2,026				183				6,249
Total non-performing loans(2)			9,038				12,221				34,590
Real estate owned, net			23,588				20,028				22,819
Total non-performing assets			32,626				32,249				57,409
Performing troubled debt restructurings:
One- to four-family residential			583				583				—
Multi-family residential and commercial real estate(3)			8,417				—				—
Construction			—				—				—
Commercial business			—				—				—
Home equity lines of credit			—				—				—
Consumer non-real estate			—				—				—
Total performing troubled debt restructurings			9,000				583				—
Total non-performing assets and performing troubled debt restructurings		$	41,626			$	32,832			$	57,409
Total non-performing loans as a percentage of loans			1.29	%			1.70	%			4.47	%
Total non-performing loans as a percentage of total assets			0.72	%			0.97	%			2.79	%
Total non-performing assets as a percentage of total assets			2.62	%			2.56	%			4.64	%

The following table shows the activity in our allowance for loan losses for the years ended December 31, 2010 and 2009.

		For the Years Ended
		December 31,
		2010				2009
		(Dollars in Thousands)
Allowance for loan losses, beginning of period		$	9,090			$	11,597
Provision for loan losses			977				18,737
Charge-offs			(7,076	)			(21,395	)
Recoveries on loans previously charged-off			1,281				151
(Charge-offs)/recoveries — net			(5,795	)			(21,244	)
Allowance for loan losses, end of period		$	4,272			$	9,090