Seeking Alpha

Univest gains after insurance acquisition

  • Univest Corp. of Pennsylvania (UVSP +2.4%) boosts its insurance subsidiary with the purchase of Sterner Insurance Associates, a 21-person shop operating out of offices in Lehigh Valley and Berks County.
  • It's the 8th deal for Univest since the lender started expanding its offerings beyond traditional banking in 1999.
  • Source: Press Release
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