| Business Summary | | Univest
Corporation
of
Pennsylvania
is
as
a
bank
holding
company.
Union
National
Bank
is
engaged
in
the
general
commercial
banking
business
and
provides
a
full
range
of
banking
services
and
trust
services
to
its
customers.
Pennview
Savings
Bank
is
engaged
in
attracting
deposits
from
general
public
and
investing
such
deposits
primarily
in
loans
secured
by
residential
properties
and
consumer
loans.
Univest
Financial
Services,
a
wholly
owned
subsidiary
of
Pennview
Savings
Bank,
acquired
George
Becker
Associates
in
January
2000,
allowing
Univest
Corporation
to
provide
a
broader
range
of
insurance
products.
Fin-Plan
Group,
a
wholly
owned
subsidiary
of
Pennview,
provides
a
range
of
financial
services
including
financial
planning,
investment
management,
insurance
products
and
brokerage
services.
Univest
Leasing
Corporation
leases
commercial,
industrial
and
institutional
equipment
to
firms
and
individuals.
Univest
Insurance
Company
offers
credit-related
reinsurance
plans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UVSP
is
a
bank
holding
company
for
Union
National
Bank
and
Trust
Co.,
Pennview
Savings
Bank
and
several
other
finance
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
3%
to
$40.2
million.
Net
interest
income
after
loan
loss
prov.
fell
2%
to
$21.5
million.
Net
income
rose
5%
to
$9.2
million.
Net
interest
income
reflects
increased
mortgage-backed
security
volumes,
offset
by
lower
net
interest
margin.
Higher
income
reflects
lower
salaries. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Merrill Moyer, 65 Chairman | $336K | $76K | William Aichele, 49 Pres,
CEO, Director | 303K | 55K | Marvin Anders, 60 Vice
Chairman and Union National Bank | 195K | 86K | Wallace Bieler, 54 Exec.
VP and CFO | 179K | 53K | Norman Keller, 62 Exec.
VP and Director | 209K | 142K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|