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National Penn Bancshares, Inc. Increases Cash Dividend to Three Cents Per Common Share

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  Published in Business and Finance on Wednesday, July 27th 2011 at 9:10 GMT by Market Wire
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BOYERTOWN, Pa.--([ BUSINESS WIRE ])--The Board of Directors of National Penn Bancshares, Inc. (Nasdaq: NPBC) has declared an increased third quarter cash dividend of three cents per share payable to shareholders of record as of August 6, 2011. The cash dividend will be paid August 17, 2011.

"Following National Penna™s repayment of TARP on March 16, 2011, our Board is pleased to be able to increase the cash dividend paid for our shareholders"

aFollowing National Penna™s repayment of TARP on March 16, 2011, our Board is pleased to be able to increase the cash dividend paid for our shareholders," said Scott V. Fainor, President and CEO. "We remain focused on enhancing shareholder value through continued profitability improvement, solid fundamental performance and maintaining a strong balance sheet.a

National Penn Bancshares, Inc. has approximately 151 million common shares outstanding as of July 27, 2011.

About National Penn Bancshares, Inc.

National Penn Bancshares, Inc., with approximately $9 billion in assets, is a bank holding company based in Pennsylvania. Headquartered in Boyertown, National Penn operates 123 branch offices comprising 122 branches in Pennsylvania and one branch in Maryland through National Penn Bank and its HomeTowne Heritage Bank, KNBT and Nittany Bank divisions.

National Penna™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.

National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol aNPBCa. Please visit our Web site at [ www.nationalpennbancshares.com ] to see our regularly posted material information.