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National Penn trades on NASDAQ under the symbol NPBC. In August 2015, it was announced National Penn had been acquired by BB&T.
10 distributor of promotional products, National Pen has over one million active customers and is based in San Diego, California. National Pen specializes in selling custom pens and other products in low minimum quantities at competitive prices.
BB&T Corp., of Winston-Salem, North Carolina, bought National Penn for $1.8 billion. With the acquisition, BB&T becomes Pennsylvania's fourth biggest bank in deposit market share, the companies said.
WINSTON-SALEM, N.C. and ALLENTOWN, PA. ? BB&T Corporation (NYSE: BBT) and National Penn Bancshares, Inc. (NASDAQ: NPBC) announced today the signing of a definitive agreement under which BB&T will acquire National Penn in a cash and stock transaction for total consideration valued at approximately $1.8 billion.