April 29, 2017 5:41 PM 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, Director, Chief Executive Officer of Univest Corporation of Pennsylvania and President of Univest Corporation of Pennsylvania
Age: 42
President and Director
Age: 48
Chief Financial Officer and Executive Vice President
Age: 53
President of Consumer Banking and Director
President of Wealth Management Division
Compensation as of Fiscal Year 2016.

Univest Bank and Trust Co. Key Developments

Univest Bank and Trust Co Makes Jobs Cuts across Various Operations

Univest Bank and Trust Co announced that it has made job cuts across its banking and non-banking operations. The firm has cut about 35 jobs, even as it is looking to grow its banking footprint in the Lehigh Valley.

Univest Corporation of Pennsylvania and Univest Bank and Trust Co. Announce Management Changes

Univest Corporation of Pennsylvania and Fox Chase Bancorp Inc. announced that each has received all necessary regulatory and shareholder approvals to close its pending merger transaction, announced in December 2015. Regulatory approval was obtained in May from both the Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System.  Shareholders from both Univest and Fox Chase approved the transaction on June 14, 2016.  Subject to satisfaction or waiver of certain additional customary closing conditions, Univest intends to close the transaction effective July 1, 2016. Upon completion of the transaction, Thomas M. Petro, president and chief executive officer of Fox Chase, along with Roger H. Ballou and Todd S. Benning, current Fox Chase directors, will be named to the Univest Board of Directors. In addition, Roger Deacon, executive vice president and chief financial officer of Fox Chase will join Univest as senior executive vice president and chief financial officer for Univest and Univest Bank.  Mike Fitzgerald, Fox Chase’s chief lending officer, will also join Univest Bank upon closing as market president, Commercial Banking and manage the Southern division which will include the Fox Chase commercial lending team.

Univest Bank and Trust Co. Appoints Jane Sobieski as Senior Vice President in its Commercial Banking Area

Univest Bank and Trust Co. has announced the appointment of Jane Sobieski as senior vice president in its commercial banking area. In this role, Sobieski will provide financial advice, commercial and industrial lending, real estate lending and working capital solutions to small businesses and middle market companies throughout Greater Philadelphia. With more than 20 years of experience in the financial services industry, Sobieski previously worked for CoreStates Bank and Wachovia Bank. She most recently served as senior relationship manager for Bank of America. She also serves as chair of Finanta.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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