National Penn Bancshares Inc. (NASDAQ: NPBC), parent company of National Penn Bank, has acquired D.E. Love Associates Inc., a full service insurance agency headquartered in Yardley, Pa.
The deal was announced by Stamford, Conn.-based Philo Smith & Co., an nvestment banking firm specializing in insurance mergers and acquisitions, which advised D.E. Love in the transaction.
D.E. Love will operate as a division of National Penn Insurance Agency, Inc., a subsidiary of National Penn Bank. Duane E. Love, who established D. E. Love in 1980, will be president of the new division.
D.E. Love, which has 21 employees, has a strong presence in the growing Bucks County market.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Stryker Remains Offline After Cyberattack Linked to Iran Group 
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says 
