National Penn Bancshares, Inc. to Present at Sandler O'Neill 2005 Financial Services Conference

National Penn Bancshares, Inc. today announced that it will be a key presenter at the Sandler O'Neill 2005 Financial Services Conference in Naples, Florida on November 17, 2005.

The 50 participating financial services companies will address an audience of institutional investors, investment firm analysts and portfolio managers.

On Thursday, November 17, National Penn President Glenn E. Moyer; Chief Financial Officer Gary L. Rhoads; and Chief Accounting and Investor Relations Officer Michelle H. Debkowski will provide a corporate overview along with highlights of the company's financial performance and major strategic initiatives. A brief question and answer session will follow.

National Penn's presentation will be available live over the Internet on November 17 at 2:20 p.m. (Eastern Standard Time). Listeners should log on to National Penn's Web site at http://www.nationalpennbancshares.com and choose the "Financial Services Conference" link located on the home page. The audio conference is available at (617) 213-8852. For those unable to participate in the live broadcast, the archived Webcast will be available for 30 days after the event, beginning November 18, 2005.

National Penn Bancshares, Inc. is a $4.57 billion financial services company operating 73 offices in southeastern Pennsylvania through National Penn Bank and its FirstService Bank, HomeTowne Heritage Bank, and The Peoples Bank of Oxford divisions. The Peoples Bank of Oxford Division also operates one community office in Cecil County, Maryland. National Penn investment management units, with combined client assets approaching $1.6 billion, consist of National Penn Investors Trust Company, which provides trust and investment management services; National Penn Investment Services, which markets brokerage services provided by PrimeVest Financial Services, Inc.; and FirstService Capital, Inc., which provides investment advisory services. National Penn Bancshares also provides mortgage banking activities through National Penn Mortgage Company; insurance services through National Penn Insurance Agency, Inc.; and equipment leasing services through National Penn Leasing Company. National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "NPBC."

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.