On April 9, 2019, Driver Management Company LLC sent a letter to James Thornton, chairman of DNB Financial Corporation’s board of directors regarding the Company’s refusal to comply with the Books and Records Demand. In the letter, Driver Management stated that for the benefit of all shareholders, it is committed to pursuing all remedies available to Driver Management as shareholders to shed much needed light on the Company board’s (i) wasteful decision to pay a purported ‘change of control’ payment when no change in control occurred as well as to grant management excessive golden parachutes, (ii) reliance on potentially biased and faulty analyses to justify its blind commitment to remain independent, and (iii) continued stonewalling regarding its request that the Company board form a special committee to engage a qualified and experienced third party financial advisor to solicit acquisition proposals for the Company.