Univest Bank and Trust Co.'sSM Local Lending Power Helps Customers Groove Again
SOUDERTON, Pa., June 3, 2010 – Univest Bank and Trust Co.SM, a subsidiary of Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), is helping its customers get their financial groove back by providing financial support at a time when consumers are pinching pennies and trying to save. Customers can take advantage of the Univest Financial Groove Assessment at univest.net/groove to understand their borrowing power and find a smooth financial groove. And, they are invited to visit any one of Univest's 32 financial service centers on "Groovy Fridays" - June 11 through July 30 - to enjoy giveaways, refreshments and personalized financial assistance from a Univest representative.
"In this tough economy, we have never stopped lending or working with our customers to help them realize their financial dreams. We have remained their trusted partner - providing the financing they need to complete their home improvements, finance college tuition and even consolidate high interest debt," said Louis P. Spinelli, executive vice president and director of consumer strategy and delivery at Univest Bank and Trust Co.SM. "For 134 years, our local lending power has helped our customers reduce stress levels and secure much needed support, ultimately helping them get their financial groove back."
Customers approved for a personal loan or line of credit can take advantage of low interest rates. Customers will also receive a free "Feeling Groovy" T-shirt at the account opening and $100 cash back for using a portion of their line of credit within six months. The home equity line of credit has a rate as low as 3.25% APR*. Applications for personal loans and lines of credit are being accepted for home improvements, debt consolidation, college tuition and more. To apply for a personal loan or line of credit please stop by any one of Univest's 32 financial service centers.
*The Annual Percentage Rate (APR) is variable and based on the Prime Rate published in The Wall Street Journal, plus a margin of 1.00%. Prime was 3.25% as of 4/30/2010. APR ranges: min. 4.00% to max. 18.00%. This introductory rate is available to new home equity lines of credit only with a Univest checking account. Rates apply to new accounts and may not be applied to existing accounts. Combined loan-to-value ratio not to exceed 85%APR and may vary based on credit score. The introductory rate will be in effect only during the first 6 billing cycles after your account is opened, whether or not funds have been advanced from your account during that time. After the introductory rate ends, the rate, including the rate on any existing account balance, will convert to the variable APR shown. Offer valid on line amounts up to $350,000. Interest may be tax deductible; consult your tax advisor for details. Other costs and fees may apply. Rates subject to change at any time. Limited time offer. Equal Housing Lender Member FDIC
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 39 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.
