Business

Nittany Bank changes name to National Penn

Nittany Bank is no more.

The former locally owned Nittany Bank was absorbed by National Penn Bancshares in 2006 is now known as National Penn, according to a company news release.

The name change was part of a plan to make the brand more uniform, company representatives said. There are five branches in Centre County.

National Penn also renamed 34 branches of its KNBT division in the Lehigh Valley. All 119 branches now carry the National Penn name, according to the release.

“Transitioning all branches to the National Penn name is a positive step in strengthening our brand,” Dave Kennedy, National Penn senior executive vice president and chief banking officer, said in the release. “These changes will bring National Penn a sense of brand continuity across our regions and reinforce our presence in the marketplace.”

National Penn announced announced the name change in October.

Dave Richards, president of National Penn’s Nittany Region said, “We have been part of National Penn for seven years. The same dedicated staff will continue to provide the excellent customer service and quality product offerings that customers have valued in the past. In addition, we will continue our ongoing commitment to the community.”

National Penn operates 119 branch offices in Pennsylvania and one in Maryland. Nittany Bank began operations in 1998 in Centre County.

National Penn Bancshares Inc., with approximately $8.5 billion in assets, is headquartered in Boyertown. It’s traded in the Nasdaq under the name NPBC.

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