Univest Corporation - Univest Bank and Trust Co. - Begins Construction on 10,000 Square Foot Office Building in South Whitehall Township

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Pictured left to right: Glenn Block, South Whitehall Township commissioner; Philip Jackson, president Corporate Banking for Univest Bank and Trust Co.; Jon Hammer, South Whitehall Township manager; Dr. Percy Dougherty, Lehigh County commissioner; David Kepler, executive vice president Corporate Banking for Univest Bank and Trust Co., Victor Kelly, executive vice president Commercial Division for Larken Associates; William Aichele, chairman and CEO of Univest Corporation; Jeffrey Schweitzer, president and COO for Univest Corporation; K. Leon Moyer, president and CEO of Univest Bank and Trust Co.; Kenneth Hochstetler, president Wealth Management for Univest Bank and Trust Co. and Univest Investments, Inc.; Christina Morgan, president of the Board of Commissioners for South Whitehall Township.

 

SOUDERTON, Pa., May 15, 2013 - Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP) and its subsidiaries yesterday held a groundbreaking ceremony to announce the start of construction of an approximately 10,000 square foot office building in South Whitehall Township.  Univest's new building will be located in the Tilghman Square Shopping Center at 4680 Broadway Road, Allentown, with access off of the Cetronia Road side of the complex.

 

Dr. Percy H. Dougherty, Lehigh County commissioner; Jon Hammer, manager of South Whitehall Township; Christina Morgan, commissioner of South Whitehall Township; Glenn Block, commissioner of South Whitehall Township; and Victor Kelly, executive vice president, commercial division of Larken Associates joined Univest executives for the event.

 

"The groundbreaking is an opportunity for us to celebrate the start of a project which shows our commitment and long-term investment to deliver a diverse mix of financial solutions to individuals, businesses and nonprofit organizations in the Lehigh Valley," said William S. Aichele, chairman and chief executive officer for Univest Corporation. "We have been building relationships, getting involved in the community and providing financial solutions in the Lehigh Valley since the fall of 2008; but this new facility will bring all of our Lehigh Valley-based employees together in one location and strengthen our presence in this growing community."

 

Larken Associates is the general contractor working to build the facility by year end.  Univest plans to relocate 31 employees into this new space, currently working out of offices in Allentown and Fogelsville, and specializing in delivering corporate banking, wealth management, equipment financing, mortgage banking, insurance, retirement plan services and municipal pension services.  The building will have space for Univest to continue its expansion by adding up to 20 employees in the future. 

 

"I'm very happy to see Univest invest in this new office building which will bring jobs to residents of the Lehigh Valley," said Dr. Percy H. Dougherty, Lehigh County commissioner.  "This project certainly helps validate the data released by the Census Bureau announcing the Lehigh Valley as the fastest growing region in the state.   And, I know Univest's investment will also spill into the community as it is a company that has a solid history of getting involved and giving back. I hope they continue to grow and prosper in
the Valley." 

 

About Univest Corporation

Headquartered  in Souderton, Pa., Univest Corporation of  Pennsylvania 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 may  contain forward-looking statements as defined in the Private Securities  Litigation Reform Act of 1995.  Actual results and trends could differ  materially from those set forth in such statements due to various  factors.  Such factors include the possibility that increased demand or  prices for the Company's financial services and products may not occur, changing  economic and competitive conditions, technological developments, and other  risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission.