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 operational areas.

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 subsidiaries. 

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 Telford.

About Univest Corporation
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.