Univest Corporation of Pennsylvania, incorporated on January 3, 1973, is the bank holding company of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company's business segments include Banking, Wealth Management and Insurance. The Banking segment consists of commercial and consumer banking. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting. The Banking segment provides financial services to consumers, businesses and governmental units, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
Lending Activities
The Bank's loan and lease portfolio includes commercial, financial and agricultural loans; real estate-commercial loans; real estate-construction loans; real estate-residential loans; loans to individuals, and lease financings. As of December 31, 2016, the Bank's total loans and leases held for investment amounted to $3.29 billion.
Investment Activities
The Company's investment activities include its investment securities portfolio. As of December 31, 2016, the Company's investment securities portfolio included the United States treasuries, the United States Government corporations and agencies, states and political subdivisions, residential mortgage-backed securities, collateralized mortgage obligations, corporate bonds, money market mutual funds and equity securities. As of December 31, 2016, the Company's total investment securities amounted to $468.52 million.
Sources of Funds
The Company's primary funding source is core deposits. As of December 31, 2016, the Bank's deposits included noninteresting-bearing deposits, interest-bearing checking deposits, money market savings, regular savings and time deposits. As of December 31, 2016, the Bank's total deposits amounted to $2.78 billion.
14 N Main St
The company trades on NASDAQ exchange. The company headquarter is located in Pennsylvania, PA. The company was established in the 1876.| Ticker | UVSP |
| Long Name | Univest Corporation of Pennsylvania |
| Short Name | Univest Corp of Pennsylvania |