4/6/16
by News Department on 04/06/16BB & T...
BB&T Corporation (NYSE: BBT) announced that it has completed its acquisition of National Penn Bancshares, Inc., (NASDAQ: NPBC) effective April 1, 2016.
The core banking systems conversion, along with signage and account changes for clients, is expected early in the third quarter of 2016.
BB&T Chairman and Chief Executive Officer Kelly S. King said as the company moves toward system conversions, customers will continue to receive the same level of outstanding client service.
The acquisition, which was announced in August 2015, includes 126 banking offices in Pennsylvania, including 2 in Schuylkill County, in Shenandoah and Pottsville.
The acquisition of National Penn will significantly expand BB&T's footprint in the Mid-Atlantic region and improve its deposit market share to No. 4 in Pennsylvania.
