Warburg Pincus invests $150M in National Penn Bancshares

Private equity firm Warburg Pincus has invested $150 million in National Penn Bancshares, Inc, through the purchase of newly issued common stock at $6.05 per share, the bank announced. Warburg Pincus will initially invest $63.3 million, the rest following after regulatory approval, which should be granted in the fourth quarter of 2010.

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