National Penn

National Penn
Company typePublic
IndustryFinancial services
Founded1874; 150 years ago (1874)
Defunct2015; 9 years ago (2015)
FateAcquired by BB&T
Headquarters
Allentown, Pennsylvania
,
U.S.
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]

  1. ^ Penn, National. "Who We Are". Penn National Bancshares, Inc. Retrieved 8 July 2015.
  2. ^ "National Penn Bank". Bloomberg. 8 July 2015. Retrieved 8 July 2015.
  3. ^ Cite error: The named reference Warner0817 was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference Salamone0831 was invoked but never defined (see the help page).