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  6. National Penn Bank Acquires KNBT Bancorp

M&A Deal Summary

National Penn Bank Acquires KNBT Bancorp

On February 1, 2008, National Penn Bank acquired financial services company KNBT Bancorp for 460M USD

Acquisition Highlights
  • This is National Penn Bank’s 4th transaction in the Financial Services sector.
  • This is National Penn Bank’s largest (disclosed) transaction.
  • This is National Penn Bank’s 4th transaction in the United States.
  • This is National Penn Bank’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2008-02-01
Target KNBT Bancorp
Sector Financial Services
Buyer(s) National Penn Bank
Deal Type Add-on Acquisition
Deal Value 460M USD
Advisor(s) Sandler O'Neill + Partners (Financial)

Target

KNBT Bancorp

Bethlehem, Pennsylvania, United States
KNBT Bancorp, Inc. provides various banking services.

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Buyer(S) 1

Buyer

National Penn Bank

Allentown, Pennsylvania, United States
Category Company
Sector Financial Services
DESCRIPTION

National Penn Bank is a provider of commercial and personal banking services.

DEAL STATS #
Overall 4 of 5
Sector: Financial Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 4 of 5
State: Pennsylvania M&A 4 of 5
Country: United States M&A 4 of 5
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-10 Peoples First

Oxford, Pennsylvania, United States

Peoples First, Inc. is a provider of commercial and retail banking, investment and trust services.

Buy $148M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 TF Financial

Newtown, Pennsylvania, United States

TF Financial Corp. is a provider of various financial services.

Buy $142M
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