Boyertown, Pa. – August 13, 2009 – National Penn announced today a $20,000 donation to Freedom Valley YMCA. The donation was made under the Pennsylvania Educational Improvement Tax Credit (EITC) Program, through which National Penn Bank and its divisions are contributing more than $300,000 in 2009.
The educational contribution will go to the Freedom Valley YMCA’s Financial Assistance Program and will be used to support pre-kindergarten (pre-K) scholarships available to local qualified families. The YMCA offers state approved curriculum, character development programs and food programs in well-equipped learning areas through four of its locations: Audubon YMCA Early Learning Center, Phoenixville YMCA Child Care Center, Pottstown YMCA Child Development Center and Spring Valley YMCA Early Learning Center. Children also participate in field trips, special in-house events, foreign language instruction, swimming and music lessons, and physical education through indoor and outdoor play time.
“National Penn’s generous contribution will allow our YMCA to provide quality child care to families that would otherwise be unable to afford it,” said Freedom Valley YMCA President and CEO Jay R. Schaeffer. “In this time of economic uncertainty we believe it is vitally important to reach out and provide assistance to anyone who needs help, especially those who may have experienced a loss of income. National Penn’s gift to our Financial Assistance Program will help the Freedom Valley YMCA continue this mission.”
Formed January 1, 2008 as a result of a merger between the Family YMCAs of Pottstown & Upper Perkiomen Valley and Phoenixville Area YMCA, the Freedom Valley YMCA is the third largest YMCA in Pennsylvania serving over 40,000 members. The branches of the Freedom Valley YMCA provide opportunities to build family relationships, reduce stress, and improve health, in addition to vital services such as affordable, quality child care and summer day camps.
“Being a community partner and providing our youth with educational opportunities is of great importance to us. National Penn is proud to be an ongoing supporter of the Freedom Valley YMCA, where children receive quality education in a caring environment,” said Scott Gruber, president of National Penn’s Central Region.
National Penn operates 27 community offices and three business centers in Montgomery and Chester counties.
About National Penn Bancshares, Inc.
National Penn Bancshares, Inc., with $9.8 billion in assets, is the fourth largest bank holding company based in Pennsylvania. In addition, wealth assets under administration or management amount to $8.1 billion.
Headquartered in Boyertown, National Penn operates 127 offices. It has 124 community banking offices in Pennsylvania and one office in Maryland through National Penn Bank and its HomeTowne Heritage Bank, KNBT and Nittany Bank divisions. National Penn also has two offices in Delaware through its wholly-owned subsidiary Christiana Bank & Trust Company.
National Penn’s financial services affiliates consist of National Penn Investors Trust Company; National Penn Capital Advisors, Inc.; Vantage Investment Advisors, LLC; Institutional Advisors LLC; National Penn Leasing Company; National Penn Insurance Services Group, Inc.; Caruso Benefits Group, Inc.
National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol “NPBC”. Please visit our Web site at www.nationalpennbancshares.com to see our regularly posted material information. 
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