-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MxGfBiz8Z63uUM/PYqhdektlWEAUMuPF5iaYx9x7imMfw4rLTtnBvp58o80Y4Bco L4KrMqMrq0FroywRAioFyg== 0000950159-98-000031.txt : 19980212 0000950159-98-000031.hdr.sgml : 19980212 ACCESSION NUMBER: 0000950159-98-000031 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980211 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL PENN BANCSHARES INC CENTRAL INDEX KEY: 0000700733 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 232215075 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-34736 FILM NUMBER: 98530841 BUSINESS ADDRESS: STREET 1: PHILADELPHIA AND READING AVE STREET 2: PO 547 CITY: BOYERTOWN STATE: PA ZIP: 19512 BUSINESS PHONE: 6103696341 MAIL ADDRESS: STREET 1: POST OFFICE BOX 547 STREET 2: POST OFFICE BOX 547 CITY: BOYERTOWN STATE: PA ZIP: 19512 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS TRUST CO /PA CENTRAL INDEX KEY: 0001007095 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: NATIONAL PENN BANCSHARES INC STREET 2: PHILADELPHIA & READING CITY: BOYERTOWN STATE: PA ZIP: 19512 BUSINESS PHONE: 6103696202 MAIL ADDRESS: STREET 1: NATIONAL PENN BANCSHARES INC STREET 2: PHILADELPHIA & READING AVENUES CITY: BOYERTOWN STATE: PA ZIP: 19512 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3) National Penn Bancshares, Inc. --------------------------------- (Name of Issuer) Common Stock ($1.875 par value) --------------------------------- (Title of Class of Securities) 637138108 --------------------------------- (CUSIP Number) Check the following box if a fee is being paid with this statement |_|. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following page(s)) Page 1 of 5 13G CUSIP No. 637138108 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 23-2767832 INVESTORS TRUST COMPANY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION PENNSYLVANIA Number of shares 5 SOLE VOTING POWER beneficially owned by each reporting person 300,741.991 with 6 SHARED VOTING POWER 287,721.995 7 SOLE DISPOSITIVE POWER 300,741.991 8 SHARED DISPOSITIVE POWER 287,721.995 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 588,463.986 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5% 12 TYPE OF REPORTING PERSON* BK CO *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 5 SCHEDULE 13G ITEM 1(a). NAME OF ISSUER: National Penn Bancshares, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE: Philadelphia and Reading Avenues Boyertown, Pennsylvania 19512 Phone: (800) 822-3321 ITEM 2(a). NAME OF PERSON FILING: Investors Trust Company ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 2201 Ridgewood Road, #180 Wyomissing, PA 19610 Phone: (610) 372-6414 ITEM 2(c). CITIZENSHIP: Investors Trust Company is incorporated in Pennsylvania. ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock ($1.875 par value) ITEM 2(e). CUSIP NUMBER: 637138108 ITEM 3(b). Investors Trust Company is a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934. ITEM 4. OWNERSHIP: (a) (b). The shares of common stock of National Penn Bancshares, Inc., being reported by Investors Trust Company as beneficially owned by it are 588,463.986 shares, representing approximately 5.5% of the outstanding shares of common stock of National Penn Bancshares, Inc. (see Item 6). (c). The number of shares of common stock of National Penn Bancshares, Inc., as to which Investors Trust Company has: (i) Sole power to vote or to direct the vote: 300,741.991. (ii) Shared power to vote or to direct the vote: 287,721.995. Page 3 of 5 (iii) Sole power to dispose or to direct the disposition: 300,741.991. (iv) Shared power to dispose or to direct the disposition: 287,721.995. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Investors Trust Company exercises sole or shared voting or dispositive power over 588,463.986 shares of common stock of National Penn Bancshares, Inc., in the aggregate. Of these 588,463.986 shares, 374,077.653 shares are held as trustee or executor on behalf of various trusts and estates, and 214,386.333 shares are held as trustee under the National Penn Bancshares, Inc., Capital Accumulation Plan. Investors Trust Company disclaims beneficial ownership of any of these 588,463.986 shares. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not applicable. ITEM 10. CERTIFICATION: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having any such purposes or effect. Page 4 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. February 11, 1998 INVESTORS TRUST COMPANY By: /s/ James V. Elliott - --------------------------------- James V. Elliott, President & CEO Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----