National Penn
From Wikipedia, the free encyclopedia
 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 1874 |
| Defunct | 2015 |
| Fate | Acquired by BB&T |
| Headquarters | , |
Area served | Pennsylvania, Maryland, New Jersey |
Key people | Scott Fainor (President & CEO) Michael J. Hughes (Senior EVP & CFO) |
| Total assets | $9.6 billion (2015) |
National Penn Bancshares, Inc. (referred to as National Penn or NatPenn) was an American financial services corporation, with assets (as of April 14, 2015) of approximately $9.6 billion. National Penn operations include a regional banking franchise operating primarily in three states with more than 130 branches, as well as online and mobile services. It also operated a trust company (National Penn Investors Trust Company) and a wealth management division (National Penn Wealth Management).[1]
By assets, National Penn is the seventy-second largest bank in the United States, and the fifth largest bank headquartered in Pennsylvania. National Penn is based in Allentown. National Penn trades on NASDAQ under the symbol NPBC.[2] In August 2015, it was announced National Penn had been acquired by BB&T.[3][4]