Univest Financial Corporation (NASDAQ: UVSP) (“Univest” or “the company”), based in Souderton, PA, with $8.4 billion in assets, is the holding company for Univest Bank and Trust Co. (“the bank”). The bank provides a broad range of financial products and services to individuals, businesses, municipalities, and nonprofit organizations across 13 counties in southeastern/central PA, six counties in western PA, three counties in southern NJ, and five counties in MD.
UVSP’s growth strategy has primarily focused on organic expansion, complemented by selective acquisitions. The company’s most recent whole-bank acquisition was Fox Chase Bancorp, Inc. in 2016, which expanded its footprint across Montgomery, Bucks, Philadelphia, and Chester counties in PA and marked its entry into Cape May County, NJ. Management’s focus remains on organic growth within its existing footprint, though they are open to opportunistic M&A.
UVSP maintains a well-balanced $6.9…
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