National Penn Bank

National Penn Bank was established on March 9, 1874, under the original name of National Bank of Boyertown in Pennsylvania. The institution experienced several changes in ownership and name throughout its history. On August 1, 1993, it adopted the name National Penn Bank following its acquisition of Chestnut Hill National Bank in Philadelphia, Pennsylvania, on December 2, 1993. The bank continued to expand through a series of acquisitions, including Sellersville Savings and Loan Association in Perkasie, Pennsylvania, in January 1992, and The First National Bank of Oley on July 1, 1972. Over the following decades, National Penn Bank further grew through the acquisition of multiple institutions, such as Bernville Bank and The Elverson National Bank in 2001 and 1999, respectively. The bank's headquarters moved to Allentown, Pennsylvania, on January 10, 2014. In 2015, it acquired National Penn Wealth Management in Wyomissing, Pennsylvania, and in 2016, it became part of Branch Banking and Trust Company located in Winston Salem, North Carolina. Following this merger, National Penn Bank officially changed its name to Truist Bank on December 7, 2019.

Below is a list of some important events in banks history, including mergers and acquisitions.

1874-03-09Institution established. Original name: National Bank of Boyertown.

1972-07-01Main Office moved to Philadelphia And Reading Avenues, Boyertown, PA 19512.

1972-07-01Acquired The First National Bank of Oley in Oley, PA.

1992-01-31Acquired Sellersville Savings and Loan Association in Perkasie, PA.

1993-08-01Changed Institution Name to National Penn Bank.

1993-12-02Acquired Chestnut Hill National Bank in Philadelphia, PA.

1999-01-04Acquired The Elverson National Bank in Elverson, PA.

2001-01-04Acquired Bernville Bank, National Association in Bernville, PA.

2003-02-25Acquired FirstService Bank in Doylestown, PA.

2003-12-15Acquired HomeTowne Heritage Bank in Intercourse, PA.

2004-06-11Acquired The People's Bank of Oxford in Oxford, PA.

2006-03-27Acquired Nittany Bank in State College, PA.

2008-02-02Acquired Keystone Nazareth Bank & Trust Company in Bethlehem, PA.

2014-01-10Main Office moved to 645 Hamilton Street, Allentown, PA 18101.

2014-10-25Acquired 3rd Fed Bank in Newtown, PA.

2015-09-29Acquired National Penn Wealth Management, N.a. in Wyomissing, PA.

2016-04-01Merged and became part of Branch Banking and Trust Company (9846) in Winston Salem, NC.

2019-12-07Changed Institution Name to Truist Bank.