Formed by Univest National Bank and Trust Co. in 2006, the Nationwide Equipment Finance Company Now Offers Univest Financial Solutions Among Its Product Portfolio
Univest National Bank and Trust Co. (NASDAQ: UVSP) today announced its nationwide equipment financing company, VanguardLeasing, Inc., has changed its name to Univest Capital, Inc. Formed byUnivest National Bank and Trust Co. in 2006, the equipment financesubsidiary has integrated Univest products into its portfolio of productofferings for businesses and government entities. Univest Capitalcustomers can open business savings or checking accounts throughUnivestDirect, the online home for the company's business and personalfinancial solutions. Univest National Bank and Trust Co.'s business creditcards and SBA loans will be available through Univest Capital in June andlater this summer, respectively.
"The mutual integration of Univest's full range of financial solutions andequipment financing creates a powerful financial resource for ourcustomers," said Hugh Connelly, president of Univest Capital, Inc. "And inaddition to the Univest financial solutions we're currently offering,Univest Capital will soon offer other financial solutions, includingbanking, insurance, investments, and trusts."
According to K. Leon Moyer, president and chief operating officer ofUnivest National Bank and Trust Co., "Univest Capital represents one moreway Univest Corporation has expanded its portfolio of financial solutionsfor businesses -- not only regionally but nationally. For time-strappedbusiness managers who are looking for customized financial solutions, greatservice and the convenience of one-stop shopping, Univest is the perfectanswer."
About Univest Capital, Inc.
Univest Capital, Inc. was formed in May 2006 as Vanguard Leasing, Inc. Thecompany is a nationwide equipment finance company specializing in equipmentthat costs less than $100,000. In addition to commercial equipment financeit offers municipal equipment leasing to state and local governments acrossthe country. The company's new website is www.univestcapitalinc.com.
About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania andits subsidiaries serve the financial needs of residents, businesses, andnonprofit organizations in Bucks, Chester, and Montgomery counties. Univest National Bank and Trust Co. offers customers 33 financial servicecenters, 12 retirement financial services centers, and 38 ATM locationsthroughout the region, and is the parent company of Univest Capital, Inc.(dba Vanguard Leasing), a small ticket commercial finance business;Univest Insurance, Inc., an independent insurance agency headquartered inLansdale, Pa., which serves commercial and personal customers; and UnivestInvestments, Inc., a full-service broker-dealer and investment advisoryfirm.
For more information on Univest Corporation of Pennsylvania and itssubsidiaries, please visit www.univest.net.
This press release may contain forward-looking statements as defined in thePrivate Securities Litigation Reform Act of 1995. Actual results andtrends could differ materially from those set forth in such statements dueto various factors. Such factors include the possibility that increaseddemand or prices for the Company's financial services and products may notoccur, changing economic and competitive conditions, technologicaldevelopments, and other risks and uncertainties, including those detailedin the company's filings with the Securities and Exchange Commission.
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Contact:
Kim Detwiler
Vice President, Corporate Communications
Univest Corporation
215-721-8396
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