Univest Corporation Announces Executive Promotions
SOUDERTON, Pa, July 2, 2012-- Univest
Corporation of Pennsylvania (NASDAQ:
UVSP), parent company of Univest Bank and Trust Co. and its
insurance, investments and small ticket leasing subsidiaries, today
announced the promotions of Jeffrey M. Schweitzer to chief
operating officer for Univest Corporation and Eric W. Conner to
executive vice president and chief technology officer for Univest
Corporation and Univest Bank and Trust Co.
Schweitzer joined Univest in October 2007 as executive vice
president and chief financial officer for Univest Corporation and
Univest Bank and Trust Co. In January 2011, Schweitzer was
promoted to senior executive vice president and chief financial
officer of Univest Corporation and Univest Bank and Trust Co.
He will retain this role in addition to his new responsibility as
chief operating officer, which encompasses managing financial
risks, record-keeping initiatives, developing and implementing
strategic financial plans, overseeing various support functions and
niche lines of business including all of Univest's technology and
Eric W. Conner joined Univest in April 2006 as vice president
and director of e-commerce. Conner was promoted in July 2009
to senior vice president and director of e-commerce and consumer
services. In this role, he developed and implemented
Univest's customer service center and launched several online and
mobile convenience services to improve customer experiences and
remain competitive. In his new role, Conner is responsible
for the overall strategic direction and implementation of all
technology initiatives at Univest Corporation, the Bank and its
In addition to their responsibilities at Univest, both
Schweitzer and Conner volunteer for nonprofit organizations in the
local community. Schweitzer is on the Board of Directors of
the North Penn and Indian Valley Boys and Girls Club.
Additionally he serves on the steering committee for PerkUp of the
Upper Perkiomen Valley. Schweitzer resides in Skippack.
Conner is a coach for Harleysville Baseball and also is on the
Elder Board at Faith Bible Fellowship Church. He resides in
Headquartered in Souderton, Pa., 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.
For more information on Univest Corporation of Pennsylvania and its
subsidiaries, please visit www.univest.net.
This press release of Univest
Corporation and the reports Univest Corporation files with the
Securities and Exchange Commission often contain "forward-looking
statements" relating to present or future trends or factors
affecting the banking industry and, specifically, the financial
operations, markets and products of Univest Corporation. These
forward-looking statements involve certain risks and uncertainties.
There are a number of important factors that could cause Univest
Corporation's future results to differ materially from historical
performance or projected performance. These factors include, but
are not limited to: (1) a significant increase in competitive
pressures among financial institutions; (2) changes in the interest
rate environment that may reduce net interest margins; (3) changes
in prepayment speeds, loan sale volumes, charge-offs and loan loss
provisions; (4) general economic conditions; (5) legislative or
regulatory changes that may adversely affect the businesses in
which Univest Corporation is engaged; (6) technological issues
which may adversely affect Univest Corporation's financial
operations or customers; (7) changes in the securities markets or
(8) risk factors mentioned in the reports and registration
statements Univest Corporation files with the Securities and
Exchange Commission. Univest Corporation undertakes no obligation
to revise these forward-looking statements or to reflect events or
circumstances after the date of this press release.