knbt

National Penn Bancshares, Inc., (NASDAQ:NPBC) and KNBT Bancorp
(NASDAQ:KNBT) today announced that they have signed a definitive
agreement to merge, creating the 5th largest Pennsylvania-based bank
holding company based on total assets.
(Nasdaq:KNBT) ('KNBT'), the
holding company for Keystone Nazareth Bank & Trust Company (the
'Bank'), today announced that the board of directors declared a
regular quarterly cash dividend of $.1 per share.

A busy spell for
banking acquisitions in the Philadelphia region continued Friday as
National Penn Bancshares said it had agreed to buy KNBT Bancorp in a
stock deal worth $42 million based on the closing share price. ...