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National Penn Bancshares Inc., which in 2007 bought Lehigh Valley bank KNBT and in 2014 opened a headquarters in center city Allentown, was itself purchased on Monday, ing to a news release. BB&T Corp., of Winston-Salem, North Carolina, bought National Penn for $1.8 billion.
National Penn trades on NASDAQ under the symbol NPBC. In August 2015, it was announced National Penn had been acquired by BB&T.