Univest Also Announces Realignment of Corporate and Retail Banking, Improving Operating Efficiencies and Customer Experiences

SOUDERTON, PA -- (Marketwire) -- 08/28/08 -- The board of directors of Univest Corporation (NASDAQ: UVSP) has named K. Leon Moyer chief executive officer of Univest National Bank and Trust Co. and vice chairman of Univest Corporation. Moyer previously had been president, a title he will retain, and chief operating officer of Univest National Bank and Trust Co. and senior executive vice president of Univest Corporation. He will continue to report to William S. Aichele, chairman, president and chief executive officer of Univest Corporation and chairman of Univest National Bank and Trust Co.

"During his 37 years with Univest, Leon has played an important role in the bank's growth," said Aichele. "We have not only increased the number of financial service centers to 33, but Univest now offers an array of banking, insurance, investment and wealth management solutions for businesses, individuals and nonprofit organizations. Leon also has been instrumental in providing leadership for the company's 'customer experience' initiative, a focus on providing outstanding customer experiences at our offices, which sets Univest apart from other financial institutions."

In addition, the Univest board announced a realignment of the company's corporate and retail banking functions to improve operating efficiencies and ensure superior customer experiences. As part of the realignment, the following promotions were announced:

--  John W. Duerksen was promoted to executive vice president of corporate
    banking for Montgomery County from senior vice president and relationship
    manager. He will report to Phil Jackson, Montgomery County market
    president.
--  William D. Meaglin was promoted to executive vice president of
    corporate banking for Bucks County from vice president and relationship
    manager. He will report to Ken Keller, Bucks County market president.
--  Anthony D. DaCosta was promoted to senior vice president of retail
    banking for Bucks County from regional vice president. He will report to
    Keller.
--  Donald R. Krieble was promoted to senior vice president of retail
    banking for Montgomery County from regional vice president. He will report
    to Jackson.
    

Duerksen and Meaglin will be responsible for planning and directing the delivery of financial solutions for corporate customers within the financial service centers in their respective counties.