Oakland Michigan Stock Option Plan of National Penn Bancshares, Inc.

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Multi-State
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Oakland
Control #:
US-CC-18-405D
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This is a multi-state form covering the subject matter of the title.

The Oakland Michigan Stock Option Plan of National Penn Ranchers, Inc. is a comprehensive employee benefit program designed to incentivize and reward employees through stock-based compensation. This plan allows eligible employees to purchase company stocks at a predetermined price within a specified time frame. Under the Oakland Michigan Stock Option Plan, National Penn Ranchers offers different types of stock options to cater to varying employee needs. These options include: 1. Non-Qualified Stock Options: Non-Qualified Stock Options (Nests) are a type of stock option that is more flexible and not subject to certain tax advantages. Nests allow employees to purchase company stock at a predetermined price, known as the exercise price, within a specified period. Once exercised, the employee can either hold onto the stocks or sell them for profit. 2. Incentive Stock Options: Incentive Stock Options (SOS) are another variant of stock options offered under the Oakland Michigan Stock Option Plan. SOS provide employees with certain tax benefits compared to Nests; however, they come with more stringent eligibility criteria and holding requirements. SOS grant employees the right to purchase company stock at a predetermined price with tax advantages if certain conditions are met. These different types of stock options empower employees to become company shareholders and align their interests with the long-term success and value creation of National Penn Ranchers. By offering a tangible ownership stake, the Oakland Michigan Stock Option Plan fosters a sense of ownership among employees and encourages them to contribute to the company's growth and profitability. It's important to note that the Oakland Michigan Stock Option Plan is subject to specific terms and conditions outlined in the official documentation provided by National Penn Ranchers. Employees are encouraged to thoroughly review the plan details and consult with financial advisors or professionals to fully understand the implications and benefits of participating in the program.

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BB&T Corp.'s $1.8 billion acquisition of Allentown's National Penn Bancshares Inc. has taken effect, and Lehigh Valley customers can expect changes soon. First announced Aug. 17, the deal greatly expands BB&T's footprint in Pennsylvania.

BB&T Corp. has completed its largest acquisition ever with the purchase of Susquehanna Bank. Announced Nov. 11, the $2.5 billion deal greatly expands the footprint of BB&T (NYSE: BBT) in Pennsylvania, Maryland, New Jersey and West Virginia.

In August 2015, it was announced National Penn had been acquired by BB&T, which was expanding its presence in the mid-Atlantic states.

BB&T Corp.'s $1.8 billion acquisition of Allentown's National Penn Bancshares Inc. has taken effect, and Lehigh Valley customers can expect changes soon. First announced Aug.

The $66 billion merger of SunTrust and BB&T that gave Charlotte its second bank headquarters in 2019 is finally coming to a close. After two years, the bank is finally switching all the signs to its new name on its branches, ATMs, credit cards and website. The changes haven't been without some hiccups.

About Mid Penn Bancorp, Inc. Mid Penn Bank operates retail locations throughout the Commonwealth of Pennsylvania and has total assets of approximately $3 billion.

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BB&T Corp.'s $1.8 billion acquisition of Allentown's National Penn Bancshares Inc. has taken effect, and Lehigh Valley customers can expect changes soon. First announced Aug. 17, the deal greatly expands BB&T's footprint in Pennsylvania.

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Oakland Michigan Stock Option Plan of National Penn Bancshares, Inc.