(Source: MARKETWIRE)Univest Corporation of Pennsylvania ("Univest Corporation") (NASDAQ: UVSP), today announced the pricing of an underwritten public offering of 2,950,000 shares of its common stock at a price to the public of $17.50 per share for total gross proceeds of approximately $51.6 million. Keefe, Bruyette & Woods is acting as the sole book-running managing underwriter of the offering. Univest Corporation has granted the underwriters a 30-day option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any.

Univest Corporation intends to use the net proceeds from the offering for general corporate purposes, including supporting the capital needs of its subsidiary bank, the financing of its operations, the repayment of short-term indebtedness, potential business acquisitions and other capital expenditures.

Univest Corporation expects to close the sale of common stock on August 12, 2009, subject to customary closing conditions.

The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission (the "SEC") on Form S-3 (File No. 333-159084).

This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of these securities under the securities laws of any such jurisdiction.

Prospective investors should read the prospectus contained in the registration statement, the prospectus supplement and other documents that Univest Corporation has filed or will file with the SEC for more complete information about Univest Corporation and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC website at www.sec.gov. The offering will be made only by means of a prospectus and the related prospectus supplement, copies of which may be obtained from Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800) 966-1559.

About Univest Corporation

Headquartered in Souderton, Pennsylvania, Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties.