Attached files
EXHIBIT
99.1
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News Release |
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Media
Contact:
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Catharine
Bower, Communications Manager
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(610)
369-6618 or catharine.bower@nationalpenn.com
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Investor
Contact:
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Michelle
H. Debkowski, Investor Relations
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(610)
369-6461 or michelle.debkowski@nationalpenn.com
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Two
Financial Professionals Join National Penn
Boyertown,
Pa. – February 1, 2010 – National Penn Bancshares, Inc. (NASDAQ: NPBC) announced
today that Keene Turner and John McCausland have joined the company as chief
accounting officer and director, Corporate Planning,
respectively. They report to Michael J. Hughes, Chief Financial
Officer.
Keene
Turner – Chief Accounting Officer
Turner,
of Birdsboro, Berks County, Pa. is a CPA with nine years of experience in the
financial field. He began his career with Ernst & Young, LLP, in
Philadelphia, where he managed audits for clients, including large financial
institutions. Prior to joining National Penn, he was a vice president
with Griffin Financial Group, where he focused on financial services companies.
Turner graduated Summa Cum Laude from Albright College with a bachelor of
science degree.
As chief
accounting officer, Turner assumes the role previously held by Gary Rhoads, who
becomes treasurer. Michael Reinhard, who had held a number of
financial roles at National Penn, most recently as treasurer, will continue to
serve National Penn as a consultant.
John
McCausland – Director, Corporate Planning
McCausland,
of Robeson Township, Berks County, Pa., has more than 17 years of corporate
finance experience. Before joining National Penn, he was
managing director of Griffin Financial Group, providing investment banking
services to financial institutions. McCausland has a bachelor of
science in Economics from The Wharton School, University of
Pennsylvania.
“We
believe that Keene and John will add greatly to the strengths of National Penn’s
Finance Group and help us better differentiate National Penn in this challenging
environment,” said CFO Hughes.
About National Penn
Bancshares, Inc.
National
Penn Bancshares, Inc., with $9.5 billion in assets, is the fourth largest bank
holding company based in Pennsylvania. In addition, wealth assets under
administration or management amount to $9 billion.
Headquartered
in Boyertown, National Penn operates 127 offices. It has 124 community banking
offices in Pennsylvania and one office in Maryland through National Penn Bank
and its HomeTowne Heritage Bank, KNBT and Nittany Bank divisions. National Penn
also has two offices in Delaware through its wholly-owned subsidiary Christiana
Bank & Trust Company.
National
Penn’s financial services affiliates consist of National Penn Wealth Management,
N.A., including its National Penn Investors Trust Company division; National
Penn Capital Advisors, Inc.; Institutional Advisors LLC; National Penn Insurance
Services Group, Inc., including its Higgins Insurance division; and Caruso
Benefits Group, Inc.
National
Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under
the symbol “NPBC.” Please visit our Web site at www.nationalpennbancshares.com
to see our regularly posted material information.
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