| Business Summary | | National
Penn
Bancshares,
Inc.
is
a
business
corporation
and
bank
holding
company.
National
Penn
has
two
wholly
owned
banking
subsidiaries,
National
Penn
Bank
and
Panasia
Bank,
N.A.,
both
of
which
are
engaged
in
the
commercial
and
retail
banking
business,
and
provide
checking
and
savings
accounts,
time
deposits,
personal,
business,
residential
mortgage,
educational
loans,
credit
cards
and
safe
deposit
and
night
depository
facilities.
In
addition,
National
Penn
has
various
wholly
owned,
direct
or
indirect,
non-bank
subsidiaries
engaged
in
activities
related
to
the
business
of
banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NPBC
is
a
bank
holding
company
for
the
National
Penn
Bank,
and
also
offers
trust
and
investment
services,
and
life
insurance.
For
the
six
months
ended
6/30/01,
interest
income
rose
6%
to
$96.6
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$42.3
million.
Net
income
rose
12%
to
$15.7
million.
Net
interest
income
reflect
growth
in
interest
earning
assets,
partially
offset
by
higher
interest
costs.
Earnings
reflect
higher
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Lawrence Jilk, Jr., 61 Chairman | $604K | -- | Wayne Weidner, 57 Pres,
CEO, Director | 443K | $376K | Bruce Kilroy Group
Exec. VP | -- | -- | Garry Koch, 45 Exec.
VP of NPB | 211K | -- | Glenn Moyer, 49 Exec.
VP of NPB and Pres of the Elverson Division | 291K | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|