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At least a dozen community banks have planned new headquarters in the past year, either by building offices or leasing new digs. Some of the banks outgrew older offices, while others took advantage of low interest rates and great pricing to make the move.
September 25
National Penn Bancshares (NPBC) is getting a new home in the Keystone State.
The $8.4 billion-asset parent company of National Penn Bank said Tuesday it plans to move its headquarters to Allentown, Pa. from Boyertown, Pa.
Roughly 250 employees will relocate to Allentown, about 25 miles away, when a new office tower opens downtown in the spring of 2014. Another roughly 125 employees will move to a new building in Reading, Pa., the company expects to open in the fall of 2013.
The company also said it would rename its KNBT and Nittany Bank divisions as National Penn Bank by next spring.
"National Penn is committed to our vision of being the most highly regarded financial institution in the markets we serve," Scott Fanior, National Penn's chief executive, said in a news release. "As a result, we have developed a forward-thinking relocation plan that will improve employee collaboration, enhance customer service and maintain our strong focus on growing the National Penn franchise."
The moves will proceed without a reduction in jobs, according to the company. About 150 employees are expected to remain in National Penn's current headquarters in Boyertown following the moves.
In August, National Penn
