National Penn Bancshares, Inc. (National Penn) is a bank holding company. The Company provides a range of financial services, principally through its national bank subsidiary, National Penn Bank, including its KNBT Bancorp, Inc. (KNBT), Nittany Bank and HomeTowne Heritage Bank Divisions. The Company also conducts business through various other direct or indirect subsidiaries. These other subsidiaries are engaged in activities related to the business of banking. National Penn’s financial services affiliates consist of National Penn Wealth Management, N.A., including its National Penn Investors Trust Company division; National Penn Capital Advisors, Inc.; Institutional Advisors, LLC; National Penn Insurance Services Group, Inc., including its Higgins Insurance division, and Caruso Benefits Group, Inc.