With National Penn having been acquired by BB&T, Reilly and Allentown is losing more than just bank headquarters status. Scott Fainor had been a long time center city booster. Before Keystone merged with National Penn, he placed a Keystone branch in the PPL Plaza. He has been Reilly's primary banker, lending him $16 million start up for acquiring and tying up the lion's share of property in the NIZ zone. Since then, National Penn has continued being Reilly's banker. News accounts now say that BB&T will reduce staff at 7th and Hamilton by 87 positions. Fainor was very good to Reilly. Although, knowing the bank was reaching the asset point of sale, he signed a 20 year lease with Reilly. The location will now function as a regional center for BB&T.
In 2018, the Talen workers are scheduled to relocate to Jaindl's riverfront NIZ, but wait!!!! Rumor has it that Talen might be acquired, who then would be Jaindl's anchor tenant? Meanwhile, back uptown, Reilly has put his mega project on hold, and is proceeding with his office condos. The Morning Call will have its hands full spinning the decline as progress. The cigarette tax loophole might become more and more important for the NIZ's future.