UNIVEST CORPORATION OF PENNSYLVANIA (NASDAQ:UVSP) Files An 8-K Other EventsItem 8.01
On April 25, 2017, Kroll Bond Rating Agency (“KBRA”) reaffirmed its credit rating for Univest Corporation of Pennsylvania (the “Corporation”) and Univest Bank and Trust Co. (the “Bank”) with a stable outlook. Specifically, KBRA reaffirmed the Corporation’s senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term rating of K2. With regard to the Bank, KBRA reaffirmed the Bank’s deposit rating of A-, short-term debt rating of K2 and short-term deposit rating of K2 while also assigning the Bank a senior unsecured debt rating of A-. Additionally, on April 25, 2017, KBRA initiated the Bank’s subordinated debt rating of BBB+.
About UNIVEST CORPORATION OF PENNSYLVANIA (NASDAQ:UVSP) Univest Corporation of Pennsylvania is the bank holding company of Univest Bank and Trust Co. (the Bank). The Bank is a Pennsylvania state-chartered bank and trust company. The Company’s business segments include Banking, Wealth Management and Insurance. The Banking segment provides financial services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing. The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions. The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting. UNIVEST CORPORATION OF PENNSYLVANIA (NASDAQ:UVSP) Recent Trading Information UNIVEST CORPORATION OF PENNSYLVANIA (NASDAQ:UVSP) closed its last trading session up +0.30 at 29.00 with 93,973 shares trading hands.