Univest Bank and Trust Co.℠ Announces Promotions in Corporate Banking

SOUDERTON, Pa., August 5, 2011 - Univest Corporation (listed on NASDAQ: UVSP), parent company of Univest Bank and Trust Co.SM, a full-service financial institution with 135 years of experience in delivering financial solutions including personal and business banking, online banking, residential mortgages, insurance products, investment and wealth advisory solutions*, announced the promotions of Philip C. Jackson to president, corporate banking, and Michael J. Fox to executive vice president, corporate banking.

"As a leader in our industry, Phil has extensive industry experience and has contributed greatly to Univest and our customers," said K. Leon Moyer, president and chief executive officer of Univest Bank and Trust Co.SM "I am confident in his ability to grow the business."

Jackson joined Univest in 2005 and most recently held the title of market president for Montgomery County and the Lehigh Valley. In his new position as president of corporate banking, he is responsible for leading a team of five executives responsible for sales and relationship management across business segments including large corporate, middle market, small corporate, cash management, government services and private banking. Jackson will report to K. Leon Moyer. Jackson serves as President of the Board for the State of Pennsylvania Area Council of the Boys and Girls Clubs, a board member of Lutheran Community at Telford and the Allentown Symphony and is a member of the National Area Council for the Boys and Girls Club of America and the Philadelphia Cricket Club. Jackson has 30 years of experience in the financial services industry and currently resides in Upper Gwynedd.

Fox joined Univest in 2009 and most recently held the title of senior vice president and senior relationship manager. In his new role as executive vice president of corporate banking, he is responsible for sales management of the large corporate segment in addition to managing cash management and government services.  Fox will report to Philip C. Jackson. Fox serves as supervisor for Montgomery Township and is a Eucharistic Minister at Mary, Mother of the Redeemer Parish. He has more than 20 years of experience in the financial services industry and currently resides in Montgomery Township.

"Mike's proven success in growing the large corporate segment and commitment to customer excellence complement our organization's values," said Jackson.

*Investment and insurance products are offered through Univest Investments, Inc., member FINRA/SIPC, and Univest Insurance, Inc., licensed non-bank subsidiaries of Univest Corporation of Pennsylvania.

 

About Univest Corporation
Headquartered in Souderton, Pennsylvania, Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. Univest Bank and Trust Co.SM, a member of the FDIC and an Equal Housing Lender, offers customers 32 financial service centers, 12 retirement financial services centers, and 39 ATM locations throughout the region, and is the parent company of Univest Capital, Inc., a small ticket commercial finance business; Univest Insurance, Inc., an independent insurance agency headquartered in Lansdale, Pa., which serves commercial and personal customers; and Univest Investments, Inc., a member of FINRA and SIPC and a full-service broker-dealer and investment advisory firm. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.