ARTICLE
National Penn CEO: Now we must sell the deal to customers By Anthony Salamone of The Morning Call Now that the dust has cleared on the $1.8 billion acquisition of National Penn Bancshares Inc., CEO Scott V. Fainor said the task falls on him and National Penn employees to sell the deal to its customers.. Fainor — in a wide-ranging interview with The Morning Call and his first extended comments since the Aug. 17 announcement that megabank BB&T Corp. is buying National Penn in a stock and cash deal — tried to allay concerns over changes for bank users as well as expected job losses. "All of that takes some time," Fainor admitted, "until you are able to build the comfort, build the confidence. But I have no doubt we're able to do that." The deal is expected to close by mid-2016. Click here to view the full article
National Penn CEO: Now we must sell the deal to customers By Anthony Salamone of The Morning Call
Now that the dust has cleared on the $1.8 billion acquisition of National Penn Bancshares Inc., CEO Scott V. Fainor said the task falls on him and National Penn employees to sell the deal to its customers..
Fainor — in a wide-ranging interview with The Morning Call and his first extended comments since the Aug. 17 announcement that megabank BB&T Corp. is buying National Penn in a stock and cash deal — tried to allay concerns over changes for bank users as well as expected job losses.
"All of that takes some time," Fainor admitted, "until you are able to build the comfort, build the confidence. But I have no doubt we're able to do that."
The deal is expected to close by mid-2016.
Click here to view the full article