National Penn Bancshares - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

National Penn Bancshares M&A Summary

National Penn Bancshares has acquired 6 companies of its own. It has also divested 2 assets.

National Penn Bancshares’ largest acquisition to date was in 1999, when it acquired Elverson National Bank for $102M. It’s largest disclosed sale occurred in 2010, when it sold Christiana Bank & Trust to WSFS Financial for $35M. National Penn Bancshares has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

National Penn Bancshares Ownership

Who owns National Penn Bancshares?

National Penn Bancshares is owned by Truist Financial. It was acquired on August 17, 2015.

Was National Penn Bancshares formerly PE-backed?

Yes. National Penn Bancshares was formerly owned by 1 private investor.

National Penn Bancshares Business Overview

Where is National Penn Bancshares headquartered?

National Penn Bancshares is headquartered in Allentown, Pennsylvania.

How many employees does National Penn Bancshares have?

National Penn Bancshares has 1,600 employees.

What sector is National Penn Bancshares in?

National Penn Bancshares is a financial services company.

When was National Penn Bancshares founded?

National Penn Bancshares was founded in 1874.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

National Penn Bancshares, Inc.

645 Hamilton Street,
Allentown, Pennsylvania 18101
United States,
(800) 822-3321
www.nationalpennbancshares.com

National Penn Bancshares, Inc. is a bank holding company. National Penn has 124 community banking offices provides financial services.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $305M $305M
Sell (0.0/yr) # 2 - - - - - 2
vol $69M $69M
  8

Most Recent M&A

Company Date Value Type
Christiana Bank & Trust Co. 2010-12-03 35M USD Divestiture
Greenville, Delaware · www.christianatrust.com
Christiana Bank & Trust Co. 2008-01-04 65M USD Add-on Acquisition
Greenville, Delaware · www.christianatrust.com
Nittany Financial Corp. 2006-01-26 98M USD Add-on Acquisition
State College, Pennsylvania
Panasia Bank N.A. 2003-02-10 35M USD Divestiture
Fort Lee, New Jersey
Community Independent Bank, Inc. 2001-01-03 14M USD Add-on Acquisition
Bernville, Pennsylvania
Panasia Bank N.A. 2000-07-11 20M USD Add-on Acquisition
Fort Lee, New Jersey
Elverson National Bank 1999-01-04 102M USD Add-on Acquisition
Morgantown, Pennsylvania
Community Financial Bancorp, Inc. 1993-12-01 7M USD Add-on Acquisition
, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 6 (100%) 305M (100%) 2 (100%) 69M (100%)
Total 6 $305M 2 $69M

By Geo

State/Country Buy Value Sell Value
United States 6 305M 2 69M
  Pennsylvania 4 221M - -
  New Jersey 1 20M 1 35M
  Delaware 1 65M 1 35M
Total 6 $305M 2 $69M

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
2
Austin Associates LLC
1
Legal Deals
Reed Smith LLP
3

Deal Values

buy # Total
$100M to $1B 1 $102M
< $100M 5 $203M
TOTAL $305M
Largest Elverson National Bank
$102M (1999-01-04)
sell # Total
< $100M 2 $69M
TOTAL $69M
Largest Christiana Bank & Trust Co.
$35M (2010-12-03)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

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