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National Penn acquisition by much larger bank leaves questions for Allentown Anthony Salamone, Of The Morning Call 1:13 pm, August 18, 2015 The president of BB&T Bank said Tuesday it's premature to disclose what will happen to National Penn Bancshare Inc.'s center city Allentown headquarters. But Ricky Brown reiterated Allentown will become a regional hub for BB&T. National Penn's headquarters, which opened in 2014, has become a cornerstone of downtown Allentown's urban revival. During a telephone interview, Brown also said bank officials will evaluate "back room activities" that will likely result in the elimination of jobs. How many job cuts remains unknown. National Penn, which moved its headquarters into Two Center at 645 Hamilton St., employs 275 people in five of the building's 11 floors, said Scott V. Fainor, National Penn president and CEO. More than 500 people work for National Penn in the area. Click here to view the full article
National Penn acquisition by much larger bank leaves questions for Allentown Anthony Salamone, Of The Morning Call 1:13 pm, August 18, 2015
The president of BB&T Bank said Tuesday it's premature to disclose what will happen to National Penn Bancshare Inc.'s center city Allentown headquarters.
But Ricky Brown reiterated Allentown will become a regional hub for BB&T. National Penn's headquarters, which opened in 2014, has become a cornerstone of downtown Allentown's urban revival.
During a telephone interview, Brown also said bank officials will evaluate "back room activities" that will likely result in the elimination of jobs.
How many job cuts remains unknown. National Penn, which moved its headquarters into Two Center at 645 Hamilton St., employs 275 people in five of the building's 11 floors, said Scott V. Fainor, National Penn president and CEO. More than 500 people work for National Penn in the area.
Click here to view the full article