National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.

The $8.6 billion-asset company said in a press release Monday that it may use the proceeds to finance future acquisitions. The offering includes unsecured senior notes that are set to mature in 2024.

National Penn recently announced plans to expand in the Mid-Atlantic region. In June it agreed to acquire the $846 million-asset TF Financial in Newtown, Pa. The deal would provide National Penn, which operates 111 branches in Pennsylvania and Maryland, with its first locations in New Jersey.

The company in April dropped its bid to buy the $997 million-asset First Mariner Bank in Baltimore, in a bankruptcy auction.

Sandler O'Neill & Partners and Credit Suisse Securities are serving as joint book-running managers for the offering.

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