Item 8.01 Other Events.

On June 12, 2009 at 4:00 p.m., Eastern Time, executive management of National Penn Bancshares, Inc., acting upon delegated authority from the Board of Directors, terminated the 10% discount for optional cash contributions and the $250,000 monthly maximum limit on optional cash contributions under the Dividend Reinvestment and Stock Purchase Plan (the "Plan").

Optional cash contributions received and processed for investment on this month's investment date, June 17, 2009, will be invested under the Plan at 90% of fair market value of National Penn common stock on that date. No further contributions will be accepted for investment under the Plan on June 17, 2009. The Plan's administrator will return to Plan participants all optional cash contributions received and not processed for investment.

Beginning on June 18, 2009, National Penn will accept monthly optional cash contributions in amounts not to exceed $10,000 each for investment under the Plan on or about the 17th of the following month. These investments will be made at fair market value of National Penn common stock on the investment date.

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