Univest Corp. of Souderton will be heading into the New Year as a larger company.
The company will have a grand opening in the Lehigh Valley on Jan. 14, and now it has announced the acquisition of a King of Prussia-based firm.
The Univest Lehigh Valley office is in the Tilghman Square Shopping Center at 4680 Broadway, Allentown.
The new office specializes in corporate banking, wealth management, insurance, mortgage banking, retirement services, municipal pension services and equipment financing.
Univest acquired Girard Partners Ltd., which has $500 million in assets under management – expanding Univest’s inventory of assets from $2.5 billion to $3 billion. Those investments are through its trust, broker dealer and investment affiliates.
Univest has 40 offices in the Lehigh Valley and southeastern Pennsylvania. Girard has satellite offices in Richmond, Va., and Fort Myers, Fla.