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June 02, 2015 1:55 AM ET

Banks

Company Overview of Univest Bank and Trust Co.

Company Overview

Univest Bank and Trust Co. offers commercial banking and trust services in the Montgomery and Bucks counties of Pennsylvania. It offers personal banking solutions such as checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The bank also offers loan products including auto loans, student loans, and residential mortgages. In addition, it offers business checking accounts, payroll solutions, real estate loans, and Small Business Administration (SBA) programs. Univest Bank and Trust Co. was formerly known as Univest National Bank and Trust Co. and changed its name to Univest Bank and Trust Co. in June 2011. The bank was founded in 18...

Univest Plaza

14 North Main Street

P.O. Box 64197

Souderton, PA 18964

United States

Founded in 1876

Phone:

877-723-5571

Fax:

215-723-8928

Key Executives for Univest Bank and Trust Co.

Chief Executive Officer, President, Chief Operating Officer and Director
Age: 40
Chief Financial Officer and Chief Financial Officer of The Univest Corporation
Age: 46
President of Wealth Management Division
President of Valley Green Bank Division
Age: 51
Chief Technology Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

Univest Bank and Trust Co. Key Developments

Univest Corporation of Pennsylvania Announces Appointment of President of Valley Green Bank Division of Univest Bank and Trust Co

On January 1, 2015, Univest Corporation of Pennsylvania, parent company of Univest Bank and Trust Co. (Bank) completed its acquisition of Valley Green Bank. The merger of Valley Green with and into the Bank was effected pursuant to the terms and conditions of the agreement and plan of merger dated June 17, 2014. In connection with the execution of the merger agreement, and as a condition to consummation of the merger, Jay R. Goldstein entered into an employment agreement with the corporation, which became effective upon consummation of the merger. The employment agreement provides that Mr. Goldstein, the former President and Chief Executive Officer of Valley Green, will serve as the President of the Valley Green Bank Division of the Bank.

Univest Corporation of Pennsylvania and Univest Bank and Trust Co. Announce Board Promotions

On December 12, 2014, Univest Corporation of Pennsylvania parent company of Univest Bank and Trust Co. (bank), announced the promotion of Michael S. Keim, CPA, to Senior Executive Vice President of the company and the Bank, effective January 1, 2015. Mr. Keim will remain Chief Financial Officer of the company and the Bank. The company also announced the promotion of Duane J. Brobst to Senior Executive Vice President of the company and the Bank, effective January 1, 2015. Mr. Brobst will remain Chief Risk Officer of the company and the Bank.

Univest Bank and Trust Co. Announce Management Changes

The board of directors of Univest Corporation of Pennsylvania announced that K. Leon Moyer will retire as president and chief executive officer of Univest Bank and Trust Co, effective January 1, 2015. Moyer will continue to serve on the board of directors for Univest Bank and Trust Co. Jeffrey M. Schweitzer, who succeeded William S. Aichele as chief executive officer of the Corporation on January 1, 2014 will also assume the role of president and chief executive officer of Univest Bank and Trust Co. Schweitzer will be elected on January 1, 2015 as a director of Univest Bank and Trust Co. in addition to serving as director of Univest Corporation of Pennsylvania.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 18, 2014
Valley Green Bank
 

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