Knbt Bancorp Inc - Filing of certain prospectuses and communications in connection with business combination transactions (425)

Filed by National Penn Bancshares, Inc.

pursuant to Rule 425 under the Securities Act of 1933, as amended

Subject Company: KNBT Bancorp, Inc.

Commission File No.: 333-146617

News Release

Media:	Investor:
Catharine Bower	Michelle Debkowski
610.369.6618	610.369.6461
csbower@natpennbank.com	mhdebkowski@natpennbank.com

National Penn Bancshares, Inc. Reports Record 2007 Earnings

Announcement Marks 30 th Consecutive Year of Increased Earnings for Company

BOYERTOWN, Pa., January 22, 2008 -- National Penn Bancshares, Inc. (Nasdaq: NPBC), the parent company of National Penn Bank and Christiana Bank and Trust Company, today announced financial results for calendar year 2007, including the quarter ended December 31, 2007.

Net income for calendar year 2007 was a record $65.23 million, which compares to 2006 net income of $64.11 million. On a diluted earnings per share basis, 2007 net income was $1.31 compared to $1.29 for 2006.

Net income for fourth quarter 2007 was $16.71 million, or $0.34 per diluted share, compared to net income of $16.37 million, or $0.33 per diluted share, for the same period a year ago.

National Penn’s 2007 earnings produced returns on average assets and average shareholders’ equity of 1.16% and 11.95%, respectively. Return on average tangible equity was 24.52% in 2007. 1

________________

1 Return on average tangible equity is a non-GAAP financial measure. A reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure is presented in the reconciliation tables immediately following the text of this press release.

This year represents National Penn’s 30 th consecutive year of increased earnings per share and 30 th consecutive year of increased cash dividends. It also marked the 30 th consecutive year of stock dividends or splits on National Penn stock. All per share information has been restated to reflect the 3% stock dividend paid on September 28, 2007.

The company had total assets at December 31, 2007 of $5.82 billion and total deposits of $3.95 billion. The allowance for loan and lease losses as of December 31, 2007 was $54.90 million, which represented 1.42% of total loans and leases outstanding of $3.88 billion. At December 31, 2007, National Penn was in compliance with all applicable regulatory capital requirements. At year end as well, National Penn and National Penn Bank each are considered “well capitalized” as defined by banking regulators.

On November 17, 2007, National Penn paid a quarterly cash dividend of $0.17 per share to shareholders of record as of November 3, 2007. National Penn has paid cash dividends without interruption for over 130 years.

On January 4, 2008, Christiana Bank and Trust joined the National Penn family and provides exciting opportunities for expansion in the growing Delaware market area. The previously announced merger with KNBT Bancorp, Inc. is expected to close in early February 2008, at which time total assets will have grown to nearly $9 billion, making National Penn the fifth largest commercial bank holding company headquartered in Pennsylvania (based on current total asset value).

Commenting on 2007, Glenn E. Moyer, National Penn's President and Chief Executive Officer, said, “We’re very gratified that we have again been able to report increased earnings at a time when many financial institutions are reporting major earnings declines. Persistent, uncertain market conditions continue to weigh heavily on industry credit quality performance. Despite these conditions, the quality of our loan portfolio remains satisfactory on a relative and historical basis and we remain proactive in addressing any deterioration in our overall credit quality. But with that said, we’re also very focused on National Penn’s enhanced opportunities to profitably serve our expanding client base.”

__________

About National Penn Bancshares, Inc.:

National Penn Bancshares, Inc. is a $5.82 billion asset financial services company operating 80 community offices in Pennsylvania through National Penn Bank and its FirstService Bank, HomeTowne Heritage Bank, Nittany Bank, and The Peoples Bank of Oxford divisions. The Peoples Bank of Oxford Division also operates one community office in Cecil County, Maryland.

National Penn also has two offices in Delaware through its wholly-owned subsidiary, Christiana Bank & Trust Company. Christiana Corporate Services, Inc., a wholly owned subsidiary of Christiana, provides commercial domicile and agency services in Delaware. Monarch Management Services LLC, wholly owned by Christiana Corporate Services, Inc., provides commercial domicile services in Delaware. Christiana Trust Company LLC, a Nevada non-depository trust company, wholly owned by Christiana, provides commercial domicile and trust services in Nevada.

National Penn's financial services affiliates consist of National Penn Investors Trust Company; National Penn Capital Advisors, Inc.; Vantage Investment Advisors, L. L. C.; National Penn Insurance Agency, Inc.; and National Penn Leasing Company.

National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "NPBC." Additional information about the National Penn family is available on the company's Web site at www.nationalpennbancshares.com.

_________

This press release contains supplemental financial information determined by methods other than in accordance with Accounting Principles Generally Accepted in the United States of America (“GAAP”). National Penn’s management uses this non-GAAP measure in its analysis of the company’s performance. This measure, annualized net income return on average tangible equity, excludes the average balance of acquisition-related goodwill and intangibles in determining average tangible shareholders’ equity. Banking and financial institution regulators also exclude goodwill and intangibles from shareholders' equity when assessing the capital adequacy of a financial institution. Management believes the presentation of this financial measure excluding the impact of these items provides useful supplemental information that is essential to a proper understanding of the financial results of National Penn, as it provides a method to assess management’s success in utilizing the company’s tangible capital. This disclosure should not be viewed as a substitute for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

_________

This press release contains forward-looking statements concerning future events. Actual results could differ materially due to deteriorating economic conditions; increased competition; interest rate movements; market volatility in the securities markets; legislative or regulatory developments; merger-related synergies, savings and integration issues; technological changes; and other risks and uncertainties discussed in National Penn’s reports filed from time to time with the Securities and Exchange Commission, which are incorporated herein by reference. National Penn cautions you not to place undue reliance on these statements. National Penn undertakes no obligation to publicly release or update any of these statements.

Cautionary Statement Regarding Forward-Looking Information:

This release contains forward-looking information about National Penn, Christiana and the combined operations of National Penn and Christiana described in the release that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should,'' "project," "plan,'' "seek," "intend,'' or "anticipate'' or the negative thereof or comparable terminology, and include discussions of strategy, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives, expectations or consequences of the transactions, and statements about the future performance, operations, products and services of the companies and their subsidiaries. National Penn cautions readers not to place undue reliance on these statements.

National Penn’s businesses and operations are and will be subject to a variety of risks, uncertainties and other factors. Consequently, actual results and experience may materially differ from those contained in any forward-looking statements. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of its business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; inability to achieve merger-related synergies; difficulties in integrating distinct business operations, including information technology difficulties; disruption from the transaction making it more difficult to maintain relationships with customers and employees, and challenges in establishing and maintaining operations in new markets. The foregoing review of important factors should be read in conjunction with the other cautionary statements that are included in National Penn’s Annual Report on Form 10-K for the fiscal year ended December 31, 2006, as well as in National Penn’s other SEC filings since that date. National Penn makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.

Additional Information About the Pending National Penn/KNBT Transaction:

National Penn has filed a registration statement on Form S-4 in connection with the transaction, and National Penn and KNBT Bancorp, Inc. have mailed a joint proxy statement/prospectus to their respective shareholders in connection with the transaction. Shareholders and investors are urged to read the joint proxy statement/prospectus because it contains important information about National Penn, KNBT and the transaction. You may obtain a free copy of the proxy

statement/prospectus as well as other filings containing information about National Penn at the SEC's Web site at www.sec.gov. A free copy of the proxy statement/prospectus, and the filings with the SEC that are incorporated by reference in the proxy statement/prospectus, may also be

obtained from National Penn or KNBT, by directing the request to either of the following persons:

Ms. Sandra L. Spayd	Mr. Eugene Sobol
Corporate Secretary	Senior Executive Vice President and CFO
National Penn Bancshares, Inc.	KNBT Bancorp, Inc.
Philadelphia and Reading Avenues	90 Highland Avenue
Boyertown, PA 19512	Bethlehem, PA 18017
(610) 369-6202	(610) 807-5888

National Penn Bancshares, Inc.

Exchange Listing Nasdaq "NPBC"

Financial Highlights (unaudited)
(Dollars in thousands, except per share data)
	Three Months Ended December 31,									Twelve Months Ended December 31,
	2007			2006 (2)			% Change			2007			2006 (2)			% Change
STATEMENTS OF CONDITION
Total assets										$	5,824,421		$	5,452,288			6.83	%
Total deposits											3,946,163			3,825,633			3.15	%
Total loans and leases											3,875,253			3,631,937			6.70	%
Total shareholders' equity											563,947			542,869			3.88	%
Book value per share											11.49			10.99			4.55	%

EARNINGS
Total interest income	$	86,502		$	79,376			8.98	%	$	335,473		$	302,185			11.02	%
Total interest expense		45,991			42,012			9.47	%		179,453			148,826			20.58	%
Net interest income		40,511			37,364			8.42	%		156,020			153,359			1.74	%
Provision for loan and lease losses		3,800			840			352.38	%		7,832			2,541			208.23	%
Net interest income after provision
for loan and lease losses		36,711			36,524			0.51	%		148,188			150,818			-1.74	%
Other income		20,456			19,403			5.43	%		73,198			66,867			9.47	%
Other expenses		36,844			34,845			5.74	%		138,773			133,331			4.08	%
Income before income taxes		20,323			21,082			-3.60	%		82,613			84,354			-2.06	%
Income taxes		3,614			4,711			-23.29	%		17,380			20,245			-14.15	%
Net income	$	16,709		$	16,371			2.06	%	$	65,233		$	64,109			1.75	%

PERFORMANCE RATIOS
Return on average assets		1.15	%		1.21	%		-4.96	%		1.16	%		1.24	%		-6.45	%
Return on average shareholders' equity		11.96	%		12.25	%		-2.37	%		11.95	%		12.64	%		-5.46	%
Return on average tangible equity (1)		23.96	%		26.28	%		-8.83	%		24.52	%		27.06	%		-9.39	%

PER SHARE
Basic earnings	$	0.34		$	0.33			3.03	%	$	1.32		$	1.31			0.76	%
Diluted earnings		0.34			0.33			3.03	%		1.31			1.29			1.55	%
Dividends paid in cash		0.1700			0.1626			4.55	%		0.6578			0.6311			4.23	%
Average shares - basic		49,044,107			49,237,169			-0.39	%		49,344,066			48,915,813			0.88	%
Average shares - diluted		49,496,144			50,085,334			-1.18	%		49,908,327			49,740,155			0.34	%

(1) Reconciliation Table for Non-GAAP Financial Measure
Return on average shareholders' equity		11.96	%		12.25	%					11.95	%		12.64	%
Effect of goodwill and intangibles		12.00	%		14.03	%					12.57	%		14.42	%
Return on average tangible equity		23.96	%		26.28	%					24.52	%		27.06	%
Average tangible equity excludes acquisition related
average goodwill and intangibles:
Average shareholders' equity	$	554,334		$	530,421					$	546,020		$	507,084
Average goodwill and intangibles		(277,691	)		(283,297	)					(280,013	)		(270,200	)
Average tangible equity	$	276,643		$	247,124					$	266,007		$	236,884

(2) Share and per share information adjusted for a 3% stock dividend paid September 28, 2007

Reconciliation Table for Non-GAAP Financial Measure

	2007
Return on average shareholders’ equity		11.95	%
Effect of goodwill and intangibles		12.57	%
Return on average tangible equity		24.52	%

Average tangible equity excludes acquisition-related average goodwill and intangibles (in millions):
Average shareholders’ equity	$	546.02
Average goodwill and intangibles		(280.01	)
Average tangible equity	$	266.01

Financial Update for NATL PENN BCSHS (NPBC) FOR 12/31/07
Date	1/18/2008
	PAGE: 1 OF 5	AS OF			AS OF			AS OF			AS OF			AS OF
BALANCE SHEET - ASSETS ($000s)		12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006
		(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
	Cash & Cash Equivalents	$	111,520		$	99,379		$	125,128		$	101,676		$	111,203
	Held to Maturity Securities		243,595			244,815			245,964			248,543			250,985
	Securities Available for Sale		1,137,426			1,175,598			1,063,705			1,049,503			1,010,897
	Total Securities		1,381,021			1,420,413			1,309,669			1,298,046			1,261,882
	Total Cash and Securities		1,492,541			1,519,792			1,434,797			1,399,722			1,373,085
	Loans & Leases Held for Sale		3,823			998			9,305			23,215			18,515
	Loans & Leases Held for Investment		3,871,430			3,785,803			3,721,182			3,653,751			3,613,422
	Total Loans and Leases		3,875,253			3,786,801			3,730,487			3,676,966			3,631,937
	Loan Loss Reserve		(54,897	)		(56,294	)		(57,004	)		(57,771	)		(58,306	)
	Premises and Equipment, net		61,214			61,743			61,230			55,132			55,231
	Bank Owned Life Insurance		102,407			101,318			100,216			99,538			98,638
	Goodwill		261,552			261,161			261,161			263,104			263,787
	Other Intangibles		16,160			16,919			17,677			18,435			19,993
	Total Intangible Assets		277,712			278,080			278,838			281,539			283,780
	Unconsolidated Investments Under the Equity Method		11,490			10,058			10,724			10,509			10,883
	Mortgage Servicing Rights		-			-			-			-			-
	Real Estate Owned & Held for Investment		-			364			364			140			1,291
	Other Assets (2)		58,701			62,069			61,518			54,277			55,749
	Total Assets (2)	$	5,824,421		$	5,763,931		$	5,621,170		$	5,520,052		$	5,452,288

BALANCE SHEET - LIABILITIES ($000S)
	Interest-bearing Deposits	$	3,423,447		$	3,439,266		$	3,309,328		$	3,207,733		$	3,316,170
	Non-interest bearing Deposits		522,716			488,557			516,458			522,949			509,463
	Borrowings		1,114,206			1,080,221			1,055,527			1,038,232			878,522
	Subordinated Debt (Trust Preferred Securities)		139,997			141,591			142,780			142,654			142,527
	Other Liabilities		60,108			59,974			51,172			58,636			62,737
	Total Liabilities	$	5,260,474		$	5,209,609		$	5,075,265		$	4,970,204		$	4,909,419

BALANCE SHEET - EQUITY ($000s)
	Common Stock	$	491,011		$	490,872		$	466,837		$	466,555		$	467,288
	Retained Earnings		85,242			76,888			91,548			83,368			77,665
	Accumulated Other Comprehensive Income	$	(4,281	)	$	(6,458	)	$	(12,193	)		713			1,861
	Treasury Stock		(8,025	)		(6,980	)		(287	)		(788	)		(3,945	)
	Total Shareholders Equity (2)	$	563,947		$	554,322		$	545,905		$	549,848		$	542,869

MEMO ITEMS
	Accumulated other comprehensive (loss) income	$	(4,281	)	$	(6,458	)	$	(12,193	)	$	713		$	1,861
	Book Value Per Share (1)(2)	$	11.49		$	11.28		$	11.01		$	11.10		$	10.99
	Tangible Book Value Per Share(1)(2)	$	5.83		$	5.62		$	5.39		$	5.42		$	5.24
	EOP Common Shares Outstanding (excluding Treasury shares)(1)		49,068,819			49,150,514			49,584,957			49,543,066			49,379,056
	Treasury Shares Held By Company (1)		544,061			477,117			16,470			41,578			209,287
	Did you announce a repurchase plan during this period?	NO			NO			NO			NO			NO
	Number of Shares to be Repurchased in Plans (1)		3,779,456			3,779,456			3,779,456			3,779,456			3,779,456
	Number of Shares Repurchased During Period (1)		326,039			594,566			86,229			31,869			22,546
	Average Price of Repurchased Shares (1)	$	14.76		$	14.61		$	17.92		$	18.73		$	19.71


	(1) Adjusted for a 3% stock dividend paid September 28, 2007.
	(2) Adjusted for modified retrospective method adoption under FAS123 ( R ).

Financial Update for NATL PENN BCSHS (NPBC) FOR 12/31/07
PAGE: 2 OF 5
	FOR QUARTER			FOR QUARTER			FOR QUARTER			FOR QUARTER			FOR QUARTER			YEAR			YEAR
	ENDED			ENDED			ENDED			ENDED			ENDED			TO DATE			TO DATE
INCOME STATEMENT ($000s)	12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006			12/30/2007			12/31/2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Interest Income	$	86,502		$	85,727		$	82,851		$	80,393		$	79,376		$	335,473		$	302,185
Interest Expense		45,991			46,631			44,364			42,467			42,012			179,453			148,826
Net Interest Income		40,511			39,096			38,487			37,926			37,364			156,020			153,359
Loan and Lease Loss Provision		3,800			1,420			1,537			1,075			840			7,832			2,541
Net Interest Income after Provision for Loan and Lease Losses		36,711			37,676			36,950			36,851			36,524			148,188			150,818
Wealth Management Income		4,605			4,359			4,289			4,063			3,785			17,316			14,041
Service Charges on Deposits		4,499			4,461			4,314			4,098			4,421			17,372			17,400
Cash Management and Electronic Banking Fees		2,367			2,241			2,112			1,942			2,033			8,662			8,227
Mortgage Banking Income		512			468			1,110			876			1,029			2,966			4,252
Insurance Commissions and Fees		1,383			1,556			1,487			2,200			1,638			6,626			6,852
Bank Owned Life Insurance Income		1,089			1,102			1,078			1,099			1,116			4,368			3,766
Equity in Unconsolidated Investments		2,549			226			216			(589	)		2,674			2,402			2,674
Net Gains (Losses) on Sale of Investment Securities		331			600			564			569			-			2,064			870
Gain on Sale of Building(s)		-			279			170			-			1,342			449			1,342
BOLI Death Benefit Income		-			-			837			374			-			1,211			777
Other Non-Interest Income		3,121			2,958			1,621			2,062			1,365			9,762			6,668
Non-Recurring Income		-			-			-			-			-			-			-
Total Non-Interest Income		20,456			18,250			17,798			16,694			19,403			73,198			66,869
Salaries, Wages and Employee Benefits (2)		22,337			20,982			20,557			20,499			20,611			84,375			82,162
Net Premises and Equipment Expense		5,016			4,867			4,851			5,068			4,663			19,802			17,783
Amortization of Intangibles		758			758			759			759			773			3,034			2,918
Other Non-Interest Expense		8,733			7,494			7,895			7,440			10,123			31,562			32,652
Non-Recurring Expense		-			-			-			-			(1,325	)		-			(2,181	)
Total Non-Interest Expense (2)		36,844			34,101			34,062			33,766			34,845			138,773			133,334
Net Income Before Taxes (2)		20,323			21,825			20,686			19,779			21,082			82,613			84,353
Income Tax Expense (2)		3,614			5,018			4,452			4,296			4,711			17,380			20,245
Net Income (2)		16,709			16,807			16,234			15,483			16,371			65,233		$	64,108

Net Interest Income (FTE)	$	44,883		$	43,260		$	42,278		$	41,563		$	40,688		$	171,984		$	165,451

EARNINGS PER SHARE:

Basic
Net income (1) (2)	$	0.34		$	0.34		$	0.33		$	0.31		$	0.33		$	1.32		$	1.31
Diluted
Net income (1) (2)	$	0.34		$	0.34		$	0.32		$	0.31		$	0.33		$	1.31		$	1.29
Average Shares Basic (1)		49,044,107			49,146,831			49,556,675			49,488,268			49,237,169			49,344,066			48,915,813
Average Shares Diluted (1)		49,496,144			49,641,283			50,181,973			50,235,272			50,085,334			49,908,327			49,740,155


(1) Adjusted for a 3% stock dividend paid September 28, 2007.
(2) Adjusted for modified retrospective method adoption under FAS123 ( R ).

SUPPLEMENTAL DATA ($000s) (4)
Return on Avg. Assets (annualized)		1.15	%		1.18	%		1.17	%		1.15	%		1.21	%		1.16	%		1.24	%
Return on Avg. Equity (annualized)		11.96	%		12.30	%		11.91	%		11.61	%		12.25	%		11.95	%		12.64	%
Return on Avg. Tangible Equity (annualized) (3)		23.96	%		25.29	%		24.47	%		24.39	%		26.28	%		24.52	%		27.06	%
Average Tangible Equity to Tangible Assets (5)		5.04	%		4.90	%		5.06	%		4.98	%		4.87	%		4.99	%		4.82	%
Average Realized Tangible Equity to Average Tangible Assets Ratio (6)		5.14	%		5.10	%		5.10	%		4.98	%		4.84	%		5.08	%		4.83	%

(3) (Net income x (365/92)), divided by (average equity - average goodwill and intangibles)
(5) Average tangible equity, divided by (average assets - average goodwill and intangibles).
(6) (Average tangible equity - average AOCI), divided by average tangible assets.

(3) (4) Reconciliation Table for Non-GAAP Financial Measure
Return on average shareholders' equity		11.96	%		12.30	%		11.91	%		11.61	%		12.25	%		11.95	%		12.64	%
Effect of goodwill and intangibles		12.00	%		12.99	%		12.56	%		12.78	%		14.03	%		12.57	%		14.42	%
Return on average tangible equity		23.96	%		25.29	%		24.47	%		24.39	%		26.28	%		24.52	%		27.06	%
Average tangible equity excludes acquisition related average goodwill and intangibles:
Average shareholders' equity	$	554,334		$	542,052		$	546,765		$	540,823		$	530,421		$	546,020		$	507,084
Average goodwill and intangibles		(277,691	)		(278,441	)		(280,649	)		(283,350	)		(283,297	)		(280,013	)		(270,200	)
Average tangible equity		276,643			263,611			266,116			257,473			247,124			266,007			236,884

Financial Update for NATL PENN BCSHS (NPBC) FOR 12/31/07

PAGE: 3 of 5
	FOR QUARTER			FOR QUARTER			FOR QUARTER			FOR QUARTER			FOR QUARTER			YEAR			YEAR
	ENDED			ENDED			ENDED			ENDED			ENDED			TO DATE			TO DATE
CHARGEOFFS ($000s)	12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006			12/31/2007			12/31/2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Loan Chargeoffs	$	5,624		$	2,482		$	2,859		$	2,086		$	2,015		$	13,051		$	5,857
Recoveries on Loans		(428	)		(352	)		(555	)		(475.00	)		(243.00	)		(1,810.00	)		(2,663.00	)
Net Loan Chargeoffs	$	5,196		$	2,130		$	2,304		$	1,611		$	1,772		$	11,241		$	3,194

	AS OF			AS OF			AS OF			AS OF			AS OF
ASSET QUALITY AND OTHER DATA ($000s)	12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Nonaccrual Loans	$	15,198		$	8,435		$	12,270		$	12,077		$	8,554
Renegotiated Loans		-			-			-			-			-
Other Real Estate Owned		-			364			364			140			1,291
Total Non-performing Assets	$	15,198		$	8,799		$	12,634		$	12,217		$	9,845
Loans 90+ Days Past Due & Still Accruing		87			67			619			243			94
Non-performing + Loans 90 Days Past Due	$	15,285		$	8,866		$	13,253		$	12,460		$	9,939
Allowance for Loan and Lease Losses	$	54,897		$	56,294		$	57,004		$	57,771		$	58,306
Coverage Ratio		359.2	%		634.9	%		430.1	%		463.7	%		586.6	%

	AS OF			AS OF			AS OF			AS OF			AS OF
REGULATORY CAPITAL DATA ($000s) (1)	12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Tier 1 Capital	$	426,236		$	420,014		$	417,762		$	405,972		$	395,479
Tier 1 Ratio (%)		9.54	%		9.64	%		9.93	%		9.92	%		9.77	%
Total Capital (Tier 1 + Tier 2)	$	482,692		$	475,596		$	470,902		$	459,795		$	449,586
Total Capital Ratio (%)		10.81	%		10.91	%		11.20	%		11.23	%		11.11	%
Total Risk-Adjusted Assets	$	4,466,824		$	4,358,884		$	4,206,000		$	4,093,619		$	4,048,475
Tier 1 Leverage Ratio		7.76	%		7.80	%		7.94	%		8.00	%		7.79	%
Tangible Equity to Tangible Assets Ratio		5.16	%		5.04	%		5.00	%		5.12	%		5.01	%
Realized Tangible Equity to Tangible Assets Ratio		5.24	%		5.15	%		5.23	%		5.11	%		4.98	%

	AS OF			AS OF			AS OF			AS OF			AS OF
SUPPLEMENTAL DATA ($000s)	12/31/2007			9/30/2007			6/30/2007			3/31/2007			12/31/2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)

Held to Maturity Securities (Fair Value)	$	243,218		$	243,593		$	238,741		$	247,444		$	249,575
Common Stock Dividends (total $ in period)	$	8,354		$	8,066		$	8,066		$	8,048		$	8,001
Dividends per Common Share (2)	$	0.1700		$	0.1626		$	0.1626		$	0.1626		$	0.1626
EOP Employees (Full Time Equivalent)		1,171			1,185			1,227			1,195			1,197

Financial Update for NATL PENN BCSHS (NPBC) FOR 12/31/07

PAGE: 4 of 5	AS OF		AS OF		AS OF		AS OF		AS OF
PERIOD END BALANCES:	12/31/2007		9/30/2007		6/30/2007		3/31/2007		12/31/2006
	(unaudited)		(unaudited)		(unaudited)		(unaudited)		(unaudited)
Earning Assets / Liabilities
Loan Breakdown: (Regulatory)
Commercial/Industrial	$	723,144	$	713,887	$	695,396	$	661,504	$	626,886
Commercial Real Estate		1,329,482		1,304,911		1,277,469		1,275,878		1,239,800
Residential Mortgage (including multi-family)		795,151		781,087		798,808		809,097		804,762
Real Estate Construction and Land Development		328,720		310,372		295,618		288,171		311,163
Home Equity (revolving and 2nd lien)		464,673		447,130		441,579		437,467		439,017
Consumer (Loans to Individuals)		73,494		70,817		63,558		61,112		56,721
Other Loans		160,589		158,597		158,059		143,737		153,588
Total Loans (net of unearned)		3,875,253		3,786,801		3,730,487		3,676,966		3,631,937
Investment Securities		1,381,021		1,420,413		1,309,669		1,298,046		1,261,882
Other Earning Assets		7,228		5,616		3,933		2,760		4,576
Total Earning Assets (net of loan loss reserve)	$	5,208,604	$	5,156,536	$	4,987,085	$	4,920,001	$	4,840,089

Deposit Breakdown:
Savings	$	193,938	$	193,232	$	208,694	$	220,192	$	215,156
NOW Accounts		733,242		775,385		722,656		624,276		690,781
Money Market Accounts		957,423		951,104		960,302		932,189		924,804
CDs $100m or less		992,741		1,008,792		961,964		911,951		950,326
CDs greater than $100m		546,103		510,753		455,712		519,125		535,103
Total Int. Bearing Deposits		3,423,447		3,439,266		3,309,328		3,207,733		3,316,170
Short-Term Borrowings		497,023		452,761		427,792		590,226		417,746
Long-Term Debt		757,180		769,051		770,515		590,660		603,303
Total Int. Bearing Liabilities	$	4,677,650	$	4,661,078	$	4,507,635	$	4,388,619	$	4,337,219

Loan Breakdown: (Internal)
Business Purpose Loans	$	1,621,101	$	1,571,459	$	1,542,646	$	1,521,929	$	1,437,791
Residential Mortgage		494,413		485,967		515,339		491,366		529,699
Commercial Real Estate, Construction and Land Dev		1,296,277		1,265,904		1,215,586		1,202,717		1,204,015
Consumer (loans to Individual)		463,462		463,471		456,916		460,954		460,432
Total Loans (net of unearned)	$	3,875,253	$	3,786,801	$	3,730,487	$	3,676,966	$	3,631,937

Financial Update for NATL PENN BCSHS (NPBC) FOR 12/31/07
	PAGE 5 OF 5
BALANCE AND YIELD/COST ANALYSIS:		AS OF					AS OF					AS OF					AS OF					AS OF					YTD					YTD
		12/31/2007					9/30/2007					6/30/2007					3/31/2007					12/31/2006					12/31/2007					12/31/2006
		(unaudited)					(unaudited)					(unaudited)					(unaudited)					(unaudited)					(unaudited)					(unaudited)
		Qtr Avg Bal		Yield			Qtr Avg Bal		Yield			Qtr Avg Bal		Yield			Qtr Avg Bal		Yield			Qtr Avg Bal		Yield			YTD Avg Bal		Yield			YTD Avg Bal		Yield

Total Loans (net of unearned)		$	3,825,406		7.24	%	$	3,756,081		7.40	%	$	3,700,384		7.35	%	$	3,639,246		7.36	%	$	3,599,781		7.25	%	$	3,730,860		7.34	%	$	3,470,381		7.19	%
Investment Securities (incl. trading assets)			1,393,393		5.98	%		1,356,853		5.78	%		1,302,524		5.79	%		1,271,449		5.73	%		1,220,595		5.44	%		1,331,460		5.82	%		1,185,027		5.44	%
Other Earning Assets			10,550		3.35	%		4,656		4.60	%		3,958		6.18	%		12,785		1.65	%		3,940		6.35	%		8,411		3.04	%		8,625		4.64	%

Total Earning Assets			5,229,349		6.89	%		5,117,590		6.97	%		5,006,866		6.94	%		4,923,480		6.92	%		4,824,316		6.80	%		5,070,731		6.93	%		4,664,033		6.74	%
Total Earning Assets (net of loan loss reserve)			5,172,622		6.97	%		5,060,766		7.05	%		4,948,851		7.02	%		4,864,994		7.00	%		4,764,980		6.89	%		5,012,785		7.01	%		4,604,854		6.82	%
Total Assets			5,768,409		6.25	%		5,661,055		6.30	%		5,542,100		6.27	%		5,452,202		6.25	%		5,360,420		6.12	%		5,606,959		6.27	%		5,182,147		6.06	%

Savings			193,088		1.08	%		200,665		1.11	%		212,624		1.12	%		216,121		1.17	%		223,624		1.29	%		205,548		1.12	%		246,236		1.29	%
NOWAccounts			766,446		2.65	%		734,140		2.67	%		689,712		2.53	%		625,108		2.30	%		723,131		2.71	%		704,322		2.55	%		749,796		2.30	%
Money Market Accounts			961,975		3.38	%		965,630		3.65	%		944,773		3.68	%		939,598		3.65	%		906,398		3.52	%		953,090		3.59	%		779,084		3.36	%
Certificates			1,512,883		4.70	%		1,457,016		4.76	%		1,437,808		4.74	%		1,476,314		4.69	%		1,479,073		4.59	%		1,471,067		4.72	%		1,426,301		4.29	%

Total Int. Bearing Deposits			3,434,392		3.67	%		3,357,451		3.77	%		3,284,917		3.74	%		3,257,141		3.70	%		3,332,226		3.67	%		3,334,027		3.72	%		3,201,417		3.36	%

Non-Interest Bearing Deposits			493,152					499,398					500,580					487,661					492,839					495,224					502,167
Total Deposits			3,927,544		3.21	%		3,856,849		3.28	%		3,785,497		3.24	%		3,744,802		3.22	%		3,825,065		3.20	%		3,829,251		3.24	%		3,703,584		2.91	%

Short-Term Borrowings			463,461		3.82	%		437,019		4.03	%		496,311		4.28	%		503,795		4.14	%		432,623		3.75	%		474,932		4.07	%		505,089		3.70	%
Long-Term Borrowings			758,929		5.10	%		770,371		5.31	%		660,668		5.14	%		598,757		5.17	%		515,857		5.47	%		697,820		5.18	%		414,316		5.42	%
Total Int. Bearing Liabilities (incl. non-int bearing deposits)			5,149,934		3.54	%		5,064,239		3.65	%		4,942,476		3.60	%		4,847,354		3.55	%		4,773,545		3.49	%		5,002,003		3.59	%		4,622,989		3.22	%
Total Int. Bearing Liabilities			4,656,782		3.92	%		4,564,841		4.05	%		4,441,896		4.01	%		4,359,693		3.95	%		4,280,706		3.89	%		4,506,779		3.98	%		4,120,822		3.61	%
Net Yield on Earning Assets (net of loan loss reserve): (Margin)					3.44	%				3.39	%				3.43	%				3.46	%				3.39	%				3.43	%				3.59	%
Net Yield on Earning Assets: (Margin)					3.41	%				3.35	%				3.39	%				3.42	%				3.35	%				3.39	%				3.55	%

STATES OF OPERATION AND BANKING OFFICES BY STATE (LATEST AVAILABLE DATA)

	State	Number of Full Service Banking Offices (Domestic and in the U.S. Territories)

	PA
Total Number of Banking Offices			81	81	80	80	79
Total Number of Insured Subsidiaries (Bank & Thrift Subsidiaries)				1	1	1	1
Total Number of ATMs			81	83	83	83	82

	MD
Total Number of Banking Offices			1	1	1	1	1
Total Number of Insured Subsidiaries (Bank & Thrift Subsidiaries)				0	0	0	0
Total Number of ATMs			1	1	1	1	1

	DE
Total Number of Banking Offices			0	0	0	0	0
Total Number of Insured Subsidiaries (Bank & Thrift Subsidiaries)				0	0	0	0
Total Number of ATMs			1	0	0	0	0

	TOTAL
Total Number of Banking Offices			82	82	81	81	80
Total Number of Insured Subsidiaries (Bank & Thrift Subsidiaries)				1	1	1	1
Total Number of ATMs			83	84	84	84	83

Have you restated any prior period's financial statements for a pooling of interest and/or a change in
accounting principles?			NO
Periods Restated on this report:
Reason:

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