Hugh J. Garchinsky

The Group's principal activity is to accept deposits from the general public and invest such deposits along with other sources of funds, in loans secured by one-to-four family residential real estate. The Group's operations are conducted primarily through its subsidiary First Keystone Bank. The Services are provided in Delaware and Chester Counties, Pennsylvania and to a lesser degree, Montgomery County, Pennsylvania and New Castle County, Delaware. The Group originates loans secured by first and second lines on single-family residences. The lending activities of the Group include origination of loans secured by commercial and multi-family residential real estate properties as well as residential and commercial construction loans secured by properties. The Group offers a variety of deposits consisting of NOW, non-interest-bearing accounts, money market deposit accounts and passbook accounts.

National Penn Bank is a financial institution based in Boyertown, PA.

Peoples First, Inc. provides commercial banking services. The company is based in Oxford, PA. Peoples First was acquired by National Penn Bancshares, Inc. on June 10, 2004 for $132.85 million.