Univest Bank and Trust Co.℠ Earns Five-Star Bauer Financial, Inc. Award for the Fourth Quarter of 2010
SOUDERTON, Pa., March 14,
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, received the prestigious five-star rating from
Bauer Financial 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 Financial's five-star rating denotes the highest
level of banking performance.
"We are honored to receive Bauer
Financial's five-star rating and proud to be recognized once again
for our prudent approach to community banking and commitment to
sound business practices," said William S. Aichele, chairman,
president and CEO of Univest Corporation.
A recommended rating is given to
all institutions receiving a four-star rating or better. Univest
has received a recommended rating for the past 86 consecutive
quarters. 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.
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.