Univest Bank and Trust Co.℠ Earns 5-Star BauerFinancial, Inc. Award For Third Quarter 2010
SOUDERTON, Pa, January 10, 2011 - Univest Corporation
(listed on NASDAQ: UVSP), parent company of Univest Bank
and Trust Co.SM, a full-service financial institution
with 134 years of experience in delivering financial solutions
including personal and business banking, online banking,
residential mortgages, insurance products, investment and wealth
advisory solutions, received the prestigious 5-Star rating from
BauerFinancial Inc., the nation's leading independent bank rating
firm. Bauer's financial rating system represents an independent,
unbiased analysis of a financial institution's safety and soundness
position. Bauer has been reporting the condition of the nation's
banking industry since 1983. Univest has achieved a 4 or 5 star
rating every quarter since 1989.
"Being recognized with a 5-star rating is a testament to our
focused and disciplined approach to managing our business through
good and challenging times," said William S. Aichele, chairman,
president and CEO of Univest Corporation. "By maintaining focus on
executing short-term and long-term strategies, we have achieved
many successes for the benefit of our employees, customers,
shareholders and communities."
BauerFinancial's 5-Star rating denotes the highest level of
banking performance. Only one third of the nation's banks are
branded as such. The award is based upon an analysis of current
financial data as supplied by federal banking regulators and
compared with previous historical data for consistency.
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.