NPBC Profile
National
Penn Bancshares, Inc. (NPBC) is a bank holding company that provides
commercial and consumer banking services in Pennsylvania, New Jersey,
and Maryland. The company offers deposit products, including checking
accounts, savings accounts, money market accounts, and time deposits,
as well as loan products, such as residential mortgages, home equity
loans and lines of credit, commercial and industrial loans, commercial
real estate loans, and consumer loans. It also provides cash
management, merchant services, and investment services, such as
investment management, estate planning, and trust and fiduciary
services.
National Penn Bancshares operates through its
subsidiary, National Penn Bank, which has over 120 locations across
the mid-Atlantic region. The company's target market includes
individuals, families, and small to mid-sized businesses.
In
2015, National Penn Bancshares was acquired by BB&T Corporation, a
financial holding company based in North Carolina. The merger allowed
BB&T to expand its presence in the mid-Atlantic region.
As of
September 2021, NPBC is no longer actively trading as a result of the
merger with BB&T C
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