SOUDERTON, Pa., July 31, 2017 – Univest has signed a long-term lease for land on which it plans to build what will be its fifth retail financial center in Lancaster. This new office will be located at 1 Heritage Drive in Intercourse across from local favorite, Stoltzfus Meats. The approximately 2,600 square-foot office is expected to open in 2018 subject to municipal and regulatory approvals. This location will feature Univest’s updated branch design focused on an improved customer experience delivered by personal bankers.
“Opening a financial center in Intercourse has been a priority since we first entered Lancaster County,” said Thomas J. Jordan, IV, market president of Univest Bank and Trust Co’s Lancaster region. “We have received a very positive response from local businesses and consumers leading us to accelerate our expansion plans. We are excited to begin construction on our fifth financial center here in Lancaster County which will allow us to bring Univest’s comprehensive financial solutions, exceptional service and local approach to even more residents, businesses and nonprofit organizations.”
The Intercourse financial center is expected to create five full-time jobs which will be filled by local, well-known financial professionals with extensive experience in the Lancaster market. The financial center staff will be led by Jennifer Miller, vice president and area manager, who oversees consumer banking in Lancaster County.
“We feel communities like Intercourse represent the heart of Main Street America, a niche that Univest has served well for more than 140 years,” explains Miller. “With local staff who live and work right here, we will be able to deliver the community-focused financial solutions that Univest is committed to providing.”
Univest has quickly planted roots in Lancaster by investing in multiple financial centers since entering the market in 2016. Univest opened its first financial center in Willow Street last summer and a Strasburg location opened in April 2017. Univest will celebrate the formal opening of its Brownstown location on Friday, August 11 at noon and plans to also open a Georgetown financial center in the fall. In addition, Univest has a regional office in the Greenfield Corporate Center, which opened in spring 2016. With the addition of the Intercourse office, Univest will employ approximately 40 people in Lancaster County. In addition to consumer banking, Univest has an agricultural lending team led by Dale Hershey and a commercial lending team led by Bryan Moyer.
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.
About Univest Corporation of Pennsylvania
Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., Member FDIC, has approximately $4.5 billion in assets and $3.4 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.