Univest Announces Two Regional Financial Centers in Western Pennsylvania
October 5, 2022 - Univest Financial Corporation (Univest) announces it has secured locations for two new regional financial centers in Western Pennsylvania, continuing its expansion efforts throughout the Mid-Atlantic region. This comes on the heels of Chris Trombetta joining Univest in April to lead the Western Pennsylvania region as Market President. The new regional offices, both expected to open early in 2023, will be located at 1501 Ardmore Blvd. in the Forest Hills borough of Pittsburgh and 51 Dutilh Rd. in Cranberry Township. These new locations will initially focus on meeting the lending and banking needs of local businesses and consumers. As Univest continues to build its presence in the market, it will offer its full suite of financial products and services including mortgage lending, wealth management, insurance and equipment leasing.
The Forest Hills Financial Center is directly off U.S. Route 30 and Interstate 376, two main highways connecting the city of Pittsburgh with surrounding suburban communities. Its central location near these major thoroughfares offers a significant branding opportunity in the form of highly visible building signage.
Roughly 30 miles away, the Cranberry Township Financial Center is located off Route 79 in a newly developed shopping center. Retail shops, company headquarters and multifamily housing developments have recently opened in the area, now a thriving commercial district.
“We are thrilled to be making progress on our expansion into Western Pennsylvania and excited to open these locations and bring Univest’s relationship-focused approach to the market,” said Chris Trombetta, Market President, Western PA. “As a lifelong Pittsburgh area resident, I’m eager for the opportunity to share my knowledge and passion for the region and provide solutions for the holistic banking needs of local, community-driven businesses.”
A staple of Montgomery County, Pennsylvania since its founding in 1876, Univest has made strategic moves into new markets over the last seven years. Univest expanded into Philadelphia in 2015 followed by Lancaster County in 2016. Univest has since continued its expansion into Central Pennsylvania with regional financial centers in Cumberland, Berks and York counties.
“As we evaluated opportunities for growth, expanding to Western PA was a natural extension to our increased presence in Central Pennsylvania,” said Michael Keim, president of Univest Bank and Trust Co. “We are excited to open two regional financial centers and look forward to developing our team in the western part of the state. We are committed to building relationships with businesses and consumers and meeting their financial needs with a combination of in-person and digital solutions while also investing in the new communities we will be serving.”
About Univest Financial Corporation
Univest Financial Corporation (NASDAQ: UVSP), including its wholly owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $6.7 billion in assets and $4.1 billion in assets under management and supervision through its Wealth Management lines of business at June 30, 2022. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net.
Univest Bank and Trust Co. is Member FDIC, Equal Housing, Opportunity and SBA Preferred Lender.