M&A Deal Summary

Truist Acquires National Penn Bancshares

On August 17, 2015, Truist acquired financial services company National Penn Bancshares for 1.8B USD

Acquisition Highlights
  • This is Truist’s 40th transaction in the Financial Services sector.
  • This is Truist’s 5th largest (disclosed) transaction.
  • This is Truist’s 44th transaction in the United States.
  • This is Truist’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-08-17
Target National Penn Bancshares
Sector Financial Services
Buyer(s) Truist
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

National Penn Bancshares

Allentown, Pennsylvania, United States
website
National Penn Bancshares, Inc. is a bank holding company. National Penn has 124 community banking offices provides financial services.

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Buyer(S) 1

Buyer

Truist

Charlotte, North Carolina, United States

website

Category Company
Founded 1872
Sector Financial Services
Employees53,207
Revenue 22.7B USD (2020)
DESCRIPTION
BB&T's corporate headquarters in Winston-Salem, North Carolina.
BB&T's corporate headquarters in Winston-Salem, North Carolina.

Truist is a financial services company. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist was founded in 1872 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 44 of 50
Sector (Financial Services) 40 of 42
Type (Add-on Acquisition) 43 of 45
State (Pennsylvania) 2 of 2
Country (United States) 44 of 50
Year (2015) 3 of 3
Size (of disclosed) 5 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 The Bank of Kentucky Financial

Crestview Hills, Kentucky, United States

The Bank of Kentucky Financial Corp. is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Swett & Crawford Group

Atlanta, Georgia, United States

Swett & Crawford Group, Inc. is a wholesale insurance brokerage firm.

Buy $500M
Mergr

Product

Company

Legal