New ETF Book by Larry Connors - Click here to read more
The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $55.5 million.
William Aichele, chairman, president and CEO of Univest Corporation, said: "We are pleased with our ability to raise capital from a position of strength to further bolster Univest's already well-capitalized position.
"This accomplishment is a testament to the strength of our business, our disciplined management approach and the power of our brand. As the leading independent provider of integrated financial solutions to our community, Univest is well positioned to take advantage of unprecedented growth opportunities across our competitive landscape."
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