Univest Bank and Trust Co. Appoints South Jersey Commercial Banking Team

SOUDERTON, Pa., May 16, 2019 (GLOBE NEWSWIRE) -- Univest Bank and Trust Co. will further expand its footprint in southern New Jersey with the addition of three commercial lenders. This commercial banking team has worked together over the past several years serving South Jersey communities. The new commercial banking team includes:

• Michael Valle joins as senior vice president and team leader. He has more than 35 years of experience in the financial services industry most recently serving as team leader for Berkshire Bank’s expansion into Pennsylvania and New Jersey. He is active in his local community and currently serves as the President of the family association at the Philadelphia Performing Arts Charter School. Valle resides in Philadelphia.
• Michael Carpino joins as a vice president and relationship manager. He has 15 years of experience in the financial services industry most recently serving as vice president and relationship manager at Berkshire Bank. His concentration is lending in the medical and dental industries. He earned his bachelor’s degree in finance and accounting from Rider University. Carpino resides in Chalfont, Pa.
• Robert Medlock joins as a vice president and relationship manager. He has 33 years of experience in the financial services industry most recently serving as vice president and relationship manager at Berkshire Bank. Medlock earned his bachelor’s degree from Philadelphia University. He resides in Philadelphia.

“We’re excited to grow our footprint in South Jersey with a team who has extensive experience lending to businesses in this market,” said Michael Fitzgerald, Delaware Valley Market President, Univest Bank and Trust Co. “Univest’s local decision making, stability and breadth of services will resonate well with the business community.”

About Univest Financial Corporation
Univest Financial^SM (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $5.0 billion in assets and $3.6 billion in assets under management and supervision through its Wealth Management lines of business at March 31, 2019. 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/02de96b1-c320-4d76-bca8-28f4166b6eb5

CONTACT:

Nicole Heverly
Vice President, Corporate Communications
Univest Financial Corporation
215-721-2450,