Company Profile
- Univest Financial Corporation (NASDAQ: UVSP) (“Univest” or “the company”), based in Souderton, PA, with $8.0 billion in assets, is the bank holding company of Univest Bank and Trust Co. (“the bank”). The bank offers a diverse suite of banking products and services to individuals, businesses, municipalities, and nonprofit organizations throughout 13 counties in the southeastern and central regions of PA, and six counties in Western PA, along with three counties in NJ and four counties in MD.
- While UVSP’s growth strategy has been centered on organic expansion, the company has historically incorporated select acquisitions. The most recent whole bank acquisition was in 2016 (Fox Chase Bancorp, Inc.), which expanded the company’s presence in Montgomery, Bucks, Philadelphia, and Chester counties in PA and provided entrance into nearby Cape May County in NJ. We expect future growth to remain organic over the near term, centered on current and adjacent…