North Carolina-based BB&T Corp. has issued a reminder to stockholders of Allentown’s National Penn Bank that an important deadline is looming in its planned $1.8 billion National Penn Acquisition.
As previously reported, the acquisition is expected to be complete on April 1.
In anticipation of the acquisition, BB&T said the deadline for holders of National Penn common stock and certain National Penn equity awards to elect the form of consideration they wish to receive in the merger is 5 p.m. March 30.
National Penn corporate headquarters in Allentown will serve as BB&T’s new regional office, David White, vice president of corporate communications for BB&T, previously said.
National Penn moved its corporate headquarters from Boyertown to Two City Center in downtown Allentown in 2014.