National Penn buying Delaware bank

National Penn buying Delaware bank

There are 2 comments on the The Morning Call story from Jun 26, 2007, titled National Penn buying Delaware bank. In it, The Morning Call reports that:

The parent company of National Penn Bank will spend $56 million in cash and stock to buy a Delaware bank that specializes in money management.

Join the discussion below, or Read more at The Morning Call.

Walter Pigeon

Lebanon, PA

#1 Jun 26, 2007
well... now it starts. I went with Nat Penn because they were local and not in a race to gobble up other banks to expand territory and increase profits... oh well!!!
Sad but True

Northampton, PA

#2 Jun 26, 2007
Walter Pigeon wrote:
well... now it starts. I went with Nat Penn because they were local and not in a race to gobble up other banks to expand territory and increase profits... oh well!!!
Starts? They've been gobbling up smaller banks for many years now. Besides, this is more of an asset management company than a traditional bank.

I'm pissed that they just cut their hours back at several area branches. What's that all about? You have Commerce and others entering the Valley with expanded hours and National Penn cuts their hours back? What's really hysterical is the signs they posted to tell us this were worded:

Important Announcement! New Hours!

I thought they were expanding their hours, not cutting them back. Time for Commerce or Wachovia I guess.....

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