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The company spent years looking in vain for the right deal at the right price before finding TF Financial. The deal adds a healthy bank and a much-needed beachhead in New Jersey, though it also pushes National Penn closer to $10 billion in assets.
June 4 -
National Penn Bancshares (NPBC) in Allentown, Pa., swung to a profit in the first quarter thanks to commercial loan growth and one-time factors that offset lower mortgage banking revenue.
April 17 -
RKJS Bank, an interim company formed by a group of local Baltimore investors, won First Mariner's bankruptcy auction Tuesday after National Penn Bancshares (NPBC) in Allentown, Pa., withdrew its offer.
April 17
National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.
The $8.6 billion-asset company said in a
National Penn recently announced plans to expand in the Mid-Atlantic region. In June it
The company in April
Sandler O'Neill & Partners and Credit Suisse Securities are serving as joint book-running managers for the offering.
