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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: December 24, 2015

For release at 10:00 a.m. EST

The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by BB&T Corporation, Winston-Salem, North Carolina, to acquire National Penn Bancshares, Inc., and thereby indirectly acquire its wholly owned subsidiary, National Penn Bank, both of Allentown, Pennsylvania.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Attachment (PDF)

Board Votes

Last update: December 24, 2015