8/19/15
by News Department on 08/19/15Corporation buys National Penn...
A North Carolina corporation is acquiring National Penn Bancshares for $1.8 billion in cash and stocks.
Although BB&T, of Winston-Salem, expects to close some branches, it does not anticipate anything changing for local National Penn customers.
The bank has branches in Palmerton, Lehighton, Weatherly, Schnecksville and Brodheadsville.
According to BB&T spokesman Brian Davis, it will be business as usual for National Penn customers. Davis said that BB&T does anticipate some branch closings and consolidations due to the proximity of nearby BB&T financial centers and Susquehanna branches that will soon be converted to BB&T.
The companies announced the acquisition late Monday.
