Univest Bank and Trust Co.SM Expands Presence In Lehigh Valley
Announces Corporate Banking Appointments
SOUDERTON, Pa. January 19, 2010 – Univest Bank and Trust Co.SM (listed on NASDAQ: UVSP) announced appointments as part of its expansion into the Lehigh Valley, which began in late 2008 when Univest entered the market with one loan production office and solutions for businesses. In December 2008, Univest expanded its presence through the acquisition of Trollinger Consulting Group. The growing Corporate Banking team, which includes two new senior vice presidents, will focus on business development initiatives and relationship management.
Lawrence T. Johnson was appointed senior vice president and senior relationship manager. Johnson is responsible for new business development and relationship management and will report to David Kepler, executive vice president of corporate banking in the Lehigh Valley at Univest Bank and Trust Co.SM Prior to his appointment at Univest, Johnson worked for Wachovia Bank; most recently as a vice president and senior relationship manager. He has 35 years of experience in the financial services industry. Johnson graduated from the University of Scranton with a bachelor's degree in business management. He went on to study at the Stonier Graduate School of Banking and the PBA School at Bucknell University. Johnson is a director and past president of the Allentown Lions Club, treasurer for the Baum School of Art and president of the Community Music School of Lehigh Valley.
Richard C. Pearce was appointed senior vice president and senior relationship manager. Pearce is responsible for new business development and relationship management and will report to David Kepler. Prior to his appointment at Univest, Pearce worked for Wachovia Bank; most recently as a senior vice president of business banking. He has 25 years of experience in the financial services industry. Pearce graduated from the University of Richmond with a bachelor's degree in marketing and management. He serves as treasurer of the Weller Center and is a Board of Trustee for the Allentown YMCA and YWCA.
Cynthia M. DiRenzo was appointed senior vice president and senior credit officer. DiRenzo is responsible for providing dedicated Underwriting support for the Lehigh Valley Corporate Banking team and will report to John T. Landes, chief credit officer. Prior to her appointment at Univest, DiRenzo worked for Wachovia. She has 22 years of experience in the financial services industry. DiRenzo graduated from Pennsylvania State University with a bachelor's degree in Finance and Economics. She serves as treasurer for State Theatre Center for the Arts and for Moravian Hall Square.
"Larry, Dick and Cindy's extensive experience is an asset to the corporate banking team," said Kepler. "I am confident their relationships, our combined 119 years of experience, and our community connections will help Univest provide more assistance to the businesses in the Lehigh Valley looking to achieve their financial dreams."
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 38 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.
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.
