National Penn Bank in Boyertown, Pa., has hired Kathy B. Schauer to be president of its new subsidiary, National Penn Mortgage Co.

National Penn Mortgage will provide nonconforming residential mortgages for borrowers who do not fit a traditional mortgage profile as well as to those with impaired credit, the company said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.