On May 29, 2019, J. Abbott R. Cooper of Driver Management Company LLC announced that on May 23, 2019, he has sent an email to James Thornton, Chairman of the DNB Financial Corporation’s Board of Directors, expressing concerns regarding recent movements in the Company’s share price relative to a broad index of bank stocks and the fact that such price movements occurred in the absence of any public disclosures by the Company. Driver Management added that it has provided a chart comparing the Company’s stock price since the beginning of May 2019 to the KBW Nasdaq Bank Index.