National Penn Makes Donation to MetroAction:Will Support Area Small Businesses
National Penn Bancshares, Inc. (Nasdaq: NPBC) announced today a $2,000 contribution to MetroAction,
Scranton, Pa. MetroAction is northeastern Pennsylvania’s leading provider of small business loans and comprehensive business training.
MetroAction provides loans to small businesses in northeastern Pennsylvania that do not have access to traditional sources of credit. Serving Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, Susquehanna, Wayne and Wyoming counties, MetroAction is a Small Business Administration and United States Department of Agriculture lender.
One business that has taken advantage of MetroAction’s services is Rural Medical Systems. Rural Medical Systems is a sole proprietor company that acts as catalyst to bring family medical practices to rural areas.
“We determine a location in need, in this case, our home area in Huntington Mills, Luzerne County. We setup the location with a lease, then supply, staff and manage it under a contract with a medical doctor,” said Chad Cope, Proprietor, Rural Medical Systems. “In our first contract, we will service Neighborhood Family Medicine at 1214 Bethel Hill Rd, Shickshinny, PA. This location is a few miles from our home, which supports our primary goal to take care of our community.”
Dick Loftus, a commercial bank director for the Northern Region of National Penn Bank, confirmed the bank’s support of small businesses. “This contribution will aid MetroAction in their work in helping small business owners, like Chad, start their business on the right foot.”
About National Penn Bancshares, Inc.
National Penn Bancshares, Inc., with approximately $8.4 billion in assets, is a bank holding company based in Pennsylvania. Headquartered in Boyertown, National Penn operates 120 branch offices comprising 119 branches in Pennsylvania and one branch in Maryland through National Penn Bank and its KNBT and Nittany Bank divisions.
National Penn’s financial services affiliates are National Penn Wealth Management, N.A., including its National Penn Investors Trust Company division; National Penn Capital Advisors, Inc.; Institutional Advisors LLC; National Penn Insurance Services Group, Inc., including its Higgins Insurance division; and Caruso Benefits Group, Inc.
National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol “NPBC”. Please visit our Web site at www.nationalpennbancshares.com to see our regularly posted material information.
Rural Medical Systems Proprietor Chad Cope and wife, Kelly, both seated, sign paperwork to receive a small business loan from MetroAction. Their small business, Rural Medical Systems, is a sole proprietor company set up to be a catalyst in order to bring family medical practices to rural areas.
National Penn has made a $2,000 contribution to MetroAction to help businesses like Rural Medical Systems. The funds will support the organizations efforts to provide loans to small businesses in northeastern Pennsylvania that do not have access to traditional sources of credit.
Also pictured, left to right, are Leigh Magnotta, Business Development Specialist, MetroAction; Dick Loftus, commercial bank director, National Penn Northern Region; and Ellen Watkins, CRA coordinator, National Penn.