Pennsylvania -based National Penn Bancshares has completed the sale of Christiana Bank & Trust Company, a Delaware-based subsidiary of National Penn, to WSFS Financial Corporation on 3 December 2010.

National Penn Bancshares, with approximately $9bn in assets, operates 124 community banking offices in Pennsylvania and one office in Maryland through National Penn Bank and its HomeTowne Heritage Bank, KNBT and Nittany Bank divisions.

National Penn’s financial services affiliates consist of National Penn Wealth Management, N.A., including its National Penn Investors Trust Company division; National Penn Capital Advisors; Institutional Advisors; National Penn Insurance Services Group, including its Higgins Insurance division; and Caruso Benefits Group.

National Penn Bancshares, common stock is traded on the Nasdaq Stock Market under the symbol NPBC.