Univest Corporation and Univest National Band and Trust Co. appoints Jeffrey M. Schweitzer, CPA to executive vice president and chief finanacial officer

Univest Corporation today announced the appointment of Jeffrey M. Schweitzer, CPA to executive vice president and chief financial officer, effective October 1, 2007. Schweitzer primarily will be responsible for managing financial risks, developing and implementing strategic financial planning and record-keeping initiatives, as well as financial reporting to management. He also will oversee the following support areas at Univest: e-Commerce, finance and accounting, information technology and operations, property management, security, compliance and treasury services.

Prior to his appointment at Univest, Schweitzer worked the past 12 years for Ernst & Young, LLP, most recently as a senior manager. In his position, he specialized in banking and gained a diverse experience in the financial services industry. Schweitzer graduated from the University of Notre Dame with a bachelor of science degree in accounting. He also is an active member of the American Institute of Certified Public Accountants and the Notre Dame Alumni Association.

"We conducted a comprehensive search for a new CFO after Wallace H. Bieler announced his retirement, effective January 31, 2008," said William S. Aichele, chairman, president and chief executive officer of Univest Corporation. "We are confident we have found the right individual to help us continue to grow the Corporation for our employees, customers, shareholders and community. Jeff's expertise and innovative ideas will be strong assets to Univest."

Until his retirement, Wallace H. Bieler will continue in his roles as senior executive vice president, chief operations officer and corporate secretary for Univest Corporation and Univest National Bank and Trust Co.; and secretary and treasurer for Univest Investments, Inc., Univest Insurance, Inc. and Vanguard Leasing, Inc.

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