National Penn
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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]
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Company type | Public |
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Industry | Financial services |
Founded | 1874; 150 years ago (1874) |
Defunct | 2015; 9 years ago (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) |
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]