Continuing as Class I Directors for a term expiring at the 2015 Annual Meeting:
Scott V. Fainor
Director since January 2010
Age 52
Mr. Fainor is President and Chief Executive Officer of National Penn (January 2010 to present) and
of National Penn Bank (2008 to present). Mr. Fainor was Senior Executive Vice President and Chief
Operating Officer of National Penn from February 2008 through January 2010. Mr. Fainor was
President and Chief Executive Officer of KNBT Bancorp, Inc. from October 2003 to February 2008.
He has been a director of National Penn since January 2010 and a director of National Penn Bank
since February 2008. Mr. Fainor’s educational background includes a bachelor of science degree in
Marketing and Finance from DeSales University. The Board believes that Mr. Fainor’s career in
banking, including executive positions with KNBT, First Colonial Group, Inc./Nazareth National
Bank & Trust Co. and Wachovia/First Union, gives him the qualifications and skills to serve as a
National Penn director.
Donna D. Holton
Director since 2008
Age 68
Mrs. Holton is the retired President & Chief Operating Officer of Turn of the Century Solution, Inc.,
an intellectual property company (1997 to 2006). Mrs. Holton was initially elected as a director on
February 1, 2008, in accordance with the merger agreement with KNBT Bancorp, Inc. She
previously served as a director of KNBT and its predecessor, Keystone Savings Bank, since 2002.
Mrs. Holton’s educational background includes a bachelor of arts degree in Economics from the
University of Michigan. The Board believes that Mrs. Holton’s experience in senior executive and
managerial positions, along with her experience as a director in the public and private sectors, gives
her the qualifications and skills to serve as a National Penn director.
Thomas L. Kennedy, Esq.
Director since 2008
Age 69
Mr. Kennedy is President of the law firm of Kennedy & Lucadamo, P.C., Hazleton, Pennsylvania
(1969 to present). Mr. Kennedy was initially elected as director on February 1, 2008, in accordance
with the merger agreement with KNBT Bancorp, Inc. He previously served as a director of KNBT
since 2005. Mr. Kennedy is an attorney-at-law and concentrates his practice on business and estate
planning and related litigation. In 1998, as Chairman of the Board of First Federal Savings and Loan
Association of Hazleton (a mutual thrift), a position he had held since 1988, Mr. Kennedy oversaw
the company’s initial public offering. Mr. Kennedy’s educational background includes a bachelor of
arts degree in English from the University of Scranton and a juris doctorate from the Boston College
Law School. The Board believes that Mr. Kennedy’s extensive legal and business experience in the
financial services industry gives him the qualifications and skills to serve as a National Penn
director.
Michael E. Martin
Director since 2011
Age 58
Mr. Martin is Head of the Financial Institutions Group of Warburg Pincus LLC, a private equity firm
(2009 to present). Previously, Mr. Martin served as President of Brooklyn NY Holdings, LLC, a
private investment company (2006 to 2009). Mr. Martin was Vice Chairman and Managing Director
of UBS Investment Bank where he also served as a member of the UBS Investment Bank Board and
its Global Executive Committee. Mr. Martin’s educational background includes a bachelor of arts
degree in Economics from Claremont Men’s College and a juris doctorate from Columbia University
School of Law. The Board believes that Mr. Martin’s extensive legal and business experience in the
financial services industry gives him the qualifications and skills to serve as a National Penn
director.
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