Bailout Bank Bio: National Penn Bancshares

Mar 25, 2009 | 2 min read | Print Article

National Penn Bancshares, Inc. is a bank holding for National Penn Bank, which provides banking services primarily in eastern and central Pennsylvania. The bank operates approximately 137 banking offices throughout nine counties. The company is headquartered in Boyertown, Pennsylvania. Through the Treasury’s Capital Purchase Program, National Penn has received $150 million, in exchange for 150,000 shares of the Company’s Series B Fixed Rate Cumulative Perpetual Preferred Stock and a warrant to purchase up to 1,470,588 shares of the company’s common stock.

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Bailout Bank Bio: National Penn Bancshares


Federal Equity Investment	$150 million
Total Revenue	$408.67 million
Net Income	$65.23 million
Number of Employees	1,768
Corporate Headquarters	Boyertown, Pennsylvania
Business Sector	Bank
Officers and Directors	Moyer, Glenn, President, Chief Executive Officer, Director Weidner, Wayne, Non-Executive Chairman of the Board Other Officers and Directors
Corporate Website	http://www.natpennbank.com
Executive Compensation	National Penn Bancshares