|Exchange:||NASDAQ national market|
|Stock:||National Penn Bancshares|
|Industry:||Banks - Regional - US|
|National Penn Bancshares is a Pennsylvania business corporation and a registered bank holding company headquartered in Boyertown, Pennsylvania. National Penn was incorporated in January 1982. The Company provides a range of financial services, mainly through its national bank subsidiary, National Penn Bank including its KNBT, Nittany and HomeTowne Heritage Divisions. It also conducts business through various other direct or indirect subsidiaries. Commercial banking is its main business focus. Commercial banking services are provided to small and medium sized businesses with annual gross revenues generally between $1 million and $100 million located primarily in its market areas. The Company offers a range of products including short-term loans for seasonal and working capital purposes, term loans secured by real estate and other assets, loans for construction and expansion needs, revolving credit facilities, and a full array of cash management services, including remote deposit capture, disbursement, collection, investment and electronic banking services. Its customized product offerings are tailored to serve a wide range of customers from small business and middle market clients to municipalities and school districts with a focus on cost effective products designed to improve cash flow and cash utilization. The Company also engages in commercial real estate lending, including loans to developers of both residential and commercial projects. It offers a range of deposit accounts, which include demand, NOW, money market, other checking and savings accounts, and certificates of deposits. It also offer consumer loan products such as installment loans, home equity loans, residential mortgage loans, educational loans and credit cards. In addition, it offers automated teller services, safe deposit and night depository facilities and internet banking services, including on-line bill paying and mobile banking. In addition to generation of fee income through its commercial and consumer banking operations, including mortgage lending, it has a number of specialized investment and insurance businesses to develop fee income and to serve specific markets. National Penn has operated 114 retail branch offices throughout thirteen counties in eastern Pennsylvania, five retail branch offices in Centre County, Pennsylvania, and one retail branch office in Cecil County, Maryland. The Company faces competition from Commercial banks; Savings and loan associations; Finance companies; Credit unions; Trust companies; Mortgage companies; Money market mutual funds; Insurance companies; and Brokerage and investment firms.|
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