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Exhibit 99
NEWS RELEASE
FOR IMMEDIATE RELEASE
COMMUNITY INDEPENDENT BANK, INC.
SHAREHOLDERS APPROVE MERGER
(BERNVILLE, PA -- November 30, 2000) - Community Independent Bank, Inc.
(AMEX: INB), parent company of Bernville Bank, N.A., today announced that its
shareholders have approved the merger of Community Independent Bank, Inc. into
National Penn Bancshares, Inc.
The Board of Governors of the Federal Reserve System and the Pennsylvania
Department of Banking approved the merger in early November. Closing is
currently anticipated to occur on January 3, 2001.
After completion of the merger, Bernville Bank is to be merged into
National Penn Bank, one of National Penn's banking subsidiaries, as part of
National Penn Bank's Berks County Division. The Bank merger is subject to
approval by the Office of the Comptroller of the Currency. An application
seeking this approval is currently pending before the OCC.
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