National Penn Bancshares, Inc. is a bank holding company. The Company provides a range of financial services, principally through its national bank subsidiary, National Penn Bank (the Bank), including its KNBT and Nittany divisions. It also conducts business through various other direct or indirect subsidiaries. These other subsidiaries are engaged in activities related to the business of banking. National Penn�s financial services affiliates consist of National Penn Wealth Management, N.A., including its National Penn Investors Trust Company (NPITC) division; National Penn Capital Advisors, Inc.; Institutional Advisors, LLC; National Penn Insurance Services Group, Inc., including its Higgins Insurance and Caruso Benefits divisions. As of December 31, 2012, National Penn had total loans of $5.2 billion, total deposits of $5.9 billion. As of December 31, 2012, National Penn operated 114 retail branch offices throughout 13 counties.