Univest gains after insurance acquisition

|About: Univest Corporation of P... (UVSP)|By:, SA News Editor

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.