Univest In The News
Univest Corporation Shines Spotlight On “Community Heroes” During Community Banking Week, April 10-15
One of Philadelphia region’s largest community banks introduces “Community Hero Checking,” special rates on CDs and home equity lines of credit; many community activities also are planned.
SOUDERTON, Pa, April 7, 2006 – Univest Corporation (listed on NASDAQ: UVSP) will highlight the important role of “community heroes” during Community Banking Week, April 10 through 15. Offers and activities include the launch of “Community Hero Checking,” Community Reading Day, Customer Appreciation Day and special rates on select certificates of deposit and a prime minus 1.51% home equity line of credit.
On Monday, April 10, Univest will launch its “Community Hero Checking” account open to all active duty and retired firemen, emergency and rescue workers, police officers and military servicemen and women.
The account features no monthly fees, free unlimited check writing, no per check charge and balances over $1,000 earn 0.50% interest*. The account requires just $50 or direct deposit to open. Community Hero Checking customers will receive a discount of a 1/2% on installment loan rates with automatic payment from their Univest checking account as well as 3.99% introductory rate on a Univest Visa credit card for first six months, which applies to purchases, cash advances and balance transfers.
Twice a year, a Community Hero Checking customer will be randomly selected to choose the community organization or charity of their choice to receive a $500 donation from Univest on the customer’s behalf.
“As a thank you for all our ‘Community Heroes’ do to make our community a safe and secure place to live, we are pleased to offer this one-of-a-kind account in our region,” said K. Leon Moyer, president of Univest National Bank and Trust Co. “Our heroes are making our community a better place to live and we’re giving them a better place to bank!”
Beginning April 10, all Univest locations also will offer an increase of 25 basis points for new and existing customer deposits on Univest CDs, with the exception of the 3-D CD and other promotional CDs.
Community Banking Week Activities
On Tuesday, April 11 at 10:00 a.m., Univest will host Community Reading Day at the Indian Valley Public Library located at 100 East Church Avenue in Telford, Pa. Employees of Univest will be at the library to read stories to preschool children and provide each child with a gift.
On Friday, April 14, each Univest financial service center will hold Customer Appreciation Day events that will include refreshments and activities.
On Saturday, April 15, select Univest offices will highlight “community heroes.” Members of local law enforcement and emergency services organizations will be present to perform in-branch activities such as child fingerprinting, car seat safety inspections, bike safety information, and blood pressure screenings.
Univest Corporation of Pennsylvania was founded in Souderton, Pa. in 1876 and celebrates its 130th anniversary in 2006. Univest and its subsidiaries, Univest National Bank and Trust Co., Univest Insurance, Inc., and Univest Investments, Inc., provide support and leadership in their communities and offer a wide range of financial services to individuals, businesses, municipalities and non-profit organizations. Univest serves Bucks, Montgomery, and Chester counties through 34 financial service centers, 12 retirement community financial service centers, and 39 ATM locations.
* Rate is subject to change.
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.