National Penn Bancshares, Inc. Invites You to Join Its 4th Quarter/ Year-End Earnings Conference Call.

National Penn Bancshares, Inc. announced today that it intends to release its 4th Quarter and Year-End earnings on January 21, 2003 at 9:00 a.m. EST. In addition, you are invited to listen to NPBC's 4th Quarter/ Year-End Earnings Conference Call that will be broadcast live over the Internet on Tuesday, January 21, 2003 beginning at 4:00 p.m. EST with Wayne R. Weidner, Chairman, President and CEO of NPBC; Glenn E. Moyer, Executive Vice President of NPBC and President and COO of National Penn Bank; and Gary L. Rhoads, Treasurer and CFO of NPBC.

   What:      National Penn Bancshares, Inc. 4th Quarter/ Year-End Earnings              Conference Call    When:      January 21, 2003 beginning at 4 p.m.    Where:     www.natpennbank.com (National Penn's home page)    How:       Live over the Internet -- Simply log on to National Penn's Web              site at the address above, select the "National Penn              Bancshares, Inc. 4th Quarter/ Year-End Earnings Conference              Call" button, and follow the instructions.  Please access the              webcast approximately 10 to 15 minutes prior to the beginning              of the discussion.    To Ask Questions:               Participants who log onto the conference call will have the              opportunity to email National Penn with their questions.  We              will begin accepting emails at 3 p.m. EST, January 21, 2003,              and will continue to accept email until the conclusion of the              presentation.  Please be aware that we may not have adequate              time to address each email received.    Contact:   Karen L. Troutman, Public Relations Director,              (610) 369-6365 or kltroutman@natpennbank.com    

If you are unable to listen to the live webcast, the event will be archived on the National Penn Web site until February 28, 2003. To access the replay, select the "National Penn Bancshares, Inc. 4th Quarter/ Year-End Earnings Conference Call" button on National Penn's homepage -- http://www.natpennbank.com/.

(Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from www.microsoft.com/windows/windowsmedia/EN/default.asp, and at least a 28.8 Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to webcastsupport@tfprn.com.)

National Penn Bancshares, Inc. is a $2.9 billion financial services company headquartered in Boyertown, PA. NPBC currently operates 58 community offices in southeastern Pennsylvania through National Penn Bank and two community offices in southeastern Pennsylvania through Panasia Bank N.A. Panasia Bank N.A. also operates four community offices in the northern New Jersey marketplace and one office in Annandale, Virginia. Trust and investment management services are provided through Investors Trust Company; brokerage services are provided through Penn Securities, Inc.; mortgage banking activities are provided through Penn 1st Financial Services, Inc.; and leasing products are offered through National Penn Leasing Company. National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "NPBC." Additional information about the National Penn family is available on National Penn's Web site at www.natpennbank.com.

CONTACT: Karen L. Troutman, Public Relations Director of National Penn Bancshares, +1-610-369-6365 or kltroutman@natpennbank.com

Web site: http://www.natpennbank.com/