Location is Sixth in Philadelphia
SOUDERTON, Pa., April 6, 2017 – As part of its continued expansion in Philadelphia, Univest Bank and Trust Co. celebrated the opening of its newest location in the University City section of Philadelphia, located at 3601 Market Street, with a traditional ribbon cutting ceremony. This financial center is its sixth retail location in the city. Univest entered the city in January 2015 through the acquisition of Valley Green Bank which brought Univest its first three bank branches and its first loan production office in Center City.In 2016, Univest opened its fourth location in the Fairmount neighborhood and added its fifth location on Rhawn Street in Northeast Philadelphia as a result of its acquisition of Fox Chase Bank this past July.
The University City financial center features Univest’s new branch model focused on an improved customer experience that partners personal bankers with technology solutions while maintaining Univest’s local approach to banking. This model was first introduced in early 2015 and has been well received by customers. The financial center features a staff of four experienced personal bankers, led by manager, Michael Laing, who has more than 20 years of experience in the financial services industry, most recently as an assistant vice president with BB&T.
This new approach of staffing the financial center with personal bankers will allow customers the convenience of working with one person for their entire banking experience. Whether cashing a check, making a deposit or applying for a loan, the personal banker who greets a customer is equipped to help with every banking need. For customers requiring in-person, more time-consuming banking transactions or consultative appointments, personal bankers will make arrangements for private meetings at the office after-hours to accommodate busy schedules.
Supporting the local communities it serves is a focus for Univest that plays a major role in its expansion efforts. Earlier this year, Univest announced it has made commitments totaling more than $350,000 to support Philadelphia nonprofit organizations over the course of 2017. Univest was joined by some of those community partners at the ribbon cutting including Rob Wonderling, president of the Greater Philadelphia Chamber of Commerce, Matt Rader, president of the Pennsylvania Horticultural Society, Andrew Stober, director of development for University City District, and Chris Callahan, director of corporate development for the Philadelphia Ronald McDonald House. Reverend Terry Davis from Christ Community Church of Philadelphia delivered a dedication prayer and Carol Brooks, manager of business services and investment for the Center City Department of Commerce attended as a representative from Mayor Kenney’s office.
We take pride in being actively involved in each market we serve and are especially excited to join the rapidly growing University City community,” said Jeff Schweitzer, president and CEO, Univest Corporation. “With a team working in this location who has more than 50 years combined experience in banking matched with Univest’s 140-year history, I am confident we will be successful in helping the local residents, businesses and nonprofit organizations achieve their financial dreams.”
Since its founding in 1876 in Souderton, Montgomery County, Univest has expanded its service area and offerings. In addition to traditional banking, Univest currently provides a full range of financial solutions including insurance, investments,mortgage banking, wealth management and equipment financing. It has offices in Bucks, Chester, Montgomery, Philadelphia and Lancaster counties as well as the Lehigh Valley in Pennsylvania, and Cape May County in New Jersey.
Pictured left to right: Pastor Pamela Davis and Pastor Terry Davis, Christ Community Church of Philadelphia, Louis Spinelli, president of consumer banking, Univest Bank and Trust Co., Dana Brown, senior vice president and Philadelphia area manager, Univest Bank and Trust Co., Jeff Schweitzer, president and CEO,Univest Corporation, Michael Laing, University City financial center manager, Univest Bank and Trust Co., Michael Keim, president, Univest Bank and Trust Co., Carol Brooks, manager of business services and investment for the Center City Department of Commerce, Rob Wonderling, president of the Philadelphia Chamber of Commerce, Mike Fitzgerald, commercial banking market president, Univest Bank and Trust Co., Hugh Connelly, president of business banking, Univest Bank and Trust Co.
About Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., Member FDIC, has approximately $4.2 billion in assets and $3.2 billion in assets under management and supervision through its Wealth Management lines of business. 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 in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.
Univest Bank and Trust Co. is Member FDIC, Equal Opportunity and SBA Preferred Lender.
Equal Housing Lender.
Investment and insurance products offered through Univest Investments, Inc., member FINRA and SIPC, and Univest Insurance, Inc., licensed non-bank subsidiaries of Univest Corporation of Pennsylvania. Securities and insurance products are not deposits of or guaranteed by any bank, are not insured by the FDIC or any other agency of the United States, and certain investment products carry risks and may lose value. Insurance products are obligations of and underwritten by unaffiliated insurance companies. Insurance products are not a condition to any bank loan, product or service.