Scott V. Fainor, president and CEO of National Penn Bancshares Inc., based in Boyertown, is pleased to announce the following executive promotions.
Michael J. Hughes, group executive vice president and chief financial officer, has been promoted to senior executive vice president.
He will continue to serve as CFO and also will be responsible for all of the company’s wealth management and insurance groups, with a focus on fee income generation.
Hughes, a veteran of more than 30 years in financial services and investment banking, joined National Penn in 2009. He lives in Lancaster.
Sandra L. Bodnyk, group executive vice president and chief risk officer, has been promoted to senior executive vice president. She will continue to serve as chief risk officer, with additional responsibility for the operations and information technology groups.
Bodnyk, of Orefield, has more than 35 years in financial services. She joined the company in 2008.
David B. Kennedy, group executive vice president, general bank, has been promoted to senior executive vice president and chief banking officer. In his new role, he directs the bank’s six regional presidents as well as the corporate banking, marketing, and corporate communications functions.
His increased responsibilities include all bank delivery systems, with a focus on growing banking revenue and stronger customer relationships. Kennedy, of Lower Saucon Township, Northampton County, has 30 years of financial services experience. He joined the company in 2008.
Hughes, Bodnyk and Kennedy will continue to report to Fainor.
Lewis Cyr, following the retirement of Donald Worthington, has been promoted to president and CEO of National Penn’s wealth management and insurance groups.
Cyr, of Lower Milford Township, Lehigh County, formerly was president of National Penn’s central region. He will report to Michael Hughes.
Scott Gruber, group executive vice president, corporate banking, has been promoted and will assume additional responsibilities as the president of National Penn’s central region. In addition to corporate banking, he will lead the delivery of products and services to customers in Schuylkill, Berks and western Montgomery counties. Gruber, of Leesport, reports to David Kennedy.
Bruce Smith, executive vice president, middle market group, has been promoted and will assume additional responsibilities as the commercial bank director of National Penn’s central region. Smith, a resident of Wyomissing, continues to report to Scott Gruber.
Evan Hand was promoted to senior vice president, director of banking sales administration. He formerly was the commercial bank director of National Penn’s central region. Hand, of Sinking Spring, will report to Peter Gray, president of National Penn’s northern region.
“The promotion of these proven executives will allow us to continue to be more efficient and broaden customer relationships through increased employee and departmental collaboration while increasing revenue and growing the National Penn franchise,” said Fainor.
National Penn Bancshares Inc., with approximately $8.5 billion in assets, is a bank holding company based in Pennsylvania. It operates 120 branch offices comprising 119 branches in Pennsylvania and one branch in Maryland through National Penn Bank and its KNBT and Nittany Bank divisions.