National Penn Bancshares (NPBC) in Boyertown, Pa., has bought back about $75.4 million of shares from the private-equity firm Warburg Pincus.

The $8.6 billion-asset National Penn announced Tuesday that it bought back 7 million shares, or approximately 27% of the outstanding common shares owned by Warburg Pincus, at $10.77 per share.

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