Forbes has ranked National Penn Bancshares, Inc. above all of its regional competition in its December 2011 “America’s Best and Worst Banks” ranking.
National Penn rose to #15 on the Forbes list, up from #33 in 2010. This Forbes ranking of the 100 largest publicly traded banks in the country also placed National Penn ahead of its national competition.
"The dramatic rise in ranking demonstrates the increasing strength of our financial performance as well as our competitive advantage,” said Scott V. Fainor, CEO, National Penn. “We are thrilled to be ranked the highest among banks in our region as we remain focused on serving our valued customers.”
The Forbes ranking evaluated the health of the publicly traded banks and thrifts, ranging in size from $4.7 billion to $2.3 trillion in assets. Data was gathered on eight measures of financial soundness, including asset quality, capital adequacy and profitability. Forbes is a leading source for reliable business news and financial information.
“This is yet another confirmation of National Penn’s vision to be the most highly regarded financial institution within the markets we serve,” said Fainor. “We are excited to begin 2012 with such strong, forward momentum!”
Posted: January 18, 2012
