Univest Names Louis P. Spinelli Executive Vice President And Director Of Consumer Strategy & Delivery
SOUDERTON, Pa., June 1, 2010 – Univest Corporation (listed on NASDAQ: UVSP) announced the appointment of Louis P. Spinelli as executive vice president and director of consumer strategy and delivery for Univest Bank and Trust Co.SM Mr. Spinelli is assuming responsibility for Univest's retail banking business - which consists of 32 financial service centers and 12 retirement community centers, its e-commerce division and the Univest Service Center.
Mr. Spinelli was formerly executive vice president of retail delivery for Harleysville National Bank and Trust Company, a position he held for eight years prior to the acquisition by First Niagara Bank. With more than 25 years of experience in the financial services industry and the majority of his experience in senior- and executive-level management positions focused on customer service, sales, product development and operations, he brings great depth to Univest. Mr. Spinelli also comes with community banking experience, understanding and believing in the value of what a locally-owned and locally-managed financial institution can do for its employees, customers, shareholders and communities.
Mr. Spinelli's appointment with Univest Bank and Trust Co.SM speaks to the bank's commitment to strengthen its focus on the consumer business while actively seeking ways to helps its customers get connected to other Univest experts and solutions across its integrated platform to serve their financial needs.
"We feel blessed to welcome such a talented executive to Univest with significant insight into the consumer business and also with an appreciation for the communities in which we operate," said K. Leon Moyer, president and chief executive officer of Univest Bank and Trust Co.SM "Lou shares our values and is eager to help us carry out our mission. This is a time of change for our industry both locally and nationally as we face unprecedented disruption in our marketplace, are pushing beyond economic challenges and will soon be facing financial reform. We believe these changes will bring significant opportunities to Univest and our consumer business. Lou's leadership will bring positive change to the Univest sales culture and customer experience as well as add depth of experience to our solid executive management team."
"I am honored to be a part of Univest Bank and Trust Co.SM, a community bank I have long admired for its ability to remain true to its roots while becoming a fully integrated financial solutions provider," said Spinelli. "Many banks talk about their mission and values but in the short time I've been with Univest, I've learned how the company takes these words and puts them into action daily. It is a refreshing environment in which to work and I am pleased to join the team."
Spinelli lives with his family in Warrington, Bucks County.
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.
