National Penn Bancshares, Inc. (Nasdaq: NPBC) announced today a corporate relocation plan to move its headquarters to Allentown and open a new Reading Area Business Center while continuing its long-term commitment to Boyertown. The company also announced plans for all of its divisions to be named “National Penn.”
- National Penn corporate headquarters will relocate to Seventh and Hamilton Streets in downtown Allentown and approximately 275 employees will relocate to the new Two City Center building, which is scheduled to be completed in the spring of 2014.
- National Penn will continue to maintain approximately 150 employees in the company’s current buildings in Boyertown.
- National Penn will relocate approximately 125 employees to a new building on Broadcasting Road in Spring Township, Berks County, which will be completed in the fall of 2013, known as the Reading Area Business Center.
About National PennNational Penn Bancshares, Inc., with approximately $8.4 billion in assets, is a bank holding company based in Pennsylvania. Headquartered in Boyertown, National Penn operates 120 branch offices comprising 119 branches in Pennsylvania and one branch in Maryland through National Penn Bank and its KNBT and Nittany Bank divisions. National Penn’s financial services affiliates are National Penn Wealth Management, N.A., including its National Penn Investors Trust Company division; National Penn Capital Advisors, Inc.; Institutional Advisors LLC; National Penn Insurance Services Group, Inc., including its Higgins Insurance division; and Caruso Benefits Group, Inc. National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol “NPBC.” Please visit our Web site at nationalpennbancshares.com to see our regularly posted material information. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50441589&lang=en