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.
History
National Penn was founded in 1874 as The National Bank of Boyertown.[3] The company went public in 1982, and changed its name to National Penn in 1993.