PhillyInc

The Morning Call says today that Gene Sobol, the retiring CFO of KNBT Bancorp (NASDAQ:KNBT), which is selling itself to National Penn Bancshares Inc. (NASDAQ:NPBC) of Boyertown, stands to $1.4 million in lump-sum payments and $16,000 per month for up to 18 months to work as a consultant to National Penn. As a consultant, he also will get an automobile allowance of $900 per month and continued medical insurance coverage. The paper says the other KNBT executives getting a nice payday from the transaction include CEO Scott Fainor, who will stay to work at National Penn) and Executive Vice President Sandra Bodnyk, who also is staying at National Penn.

- Thomas Ginsberg