National Penn Bancshares, Inc. Increases Fourth Quarter Cash Dividend

National Penn Bancshares, Inc. (Nasdaq: NPBC) announced today that the Board of Directors has declared a fourth quarter cash dividend of ten cents per common share payable to shareholders of record as of November 3, 2012. The cash dividend will be paid November 16, 2012.

“We are pleased to continue to increase the cash dividend paid to our shareholders,” said Scott V. Fainor, President and CEO. “The action of our Board of Directors reflects the strength of our balance sheet and our company’s consistent financial performance, as we continue to deliver on our commitment to enhance long-term shareholder value.”

About National Penn Bancshares, Inc.

National 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 www.nationalpennbancshares.com to see our regularly posted material information.

Copyright Business Wire 2010

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