SOUDERTON, Pa., March 18, 2019 (GLOBE NEWSWIRE) -- Univest Financial Corporation (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced the retirement of Roger S. Deacon, effective June 30, 2019. Mr. Deacon has served as Senior Executive Vice President and Chief Financial Officer since July 1, 2016, when the Corporation acquired Fox Chase Bancorp, Inc. where he served as Chief Financial Officer for nine years.

Brian J. Richardson, Executive Vice President and Director of Finance of the Corporation, will assume the position of Chief Financial Officer, effective July 1, 2019. Mr. Richardson also joined the Corporation on July 1, 2016, at the time of the Fox Chase Bancorp, Inc. acquisition, where he served as Senior Vice President and Director of Accounting for five years. Mr. Richardson began his career at KPMG LLP, where he served as a Senior Manager in their Financial Services Audit Practice.

In order to ensure a seamless transition, Mr. Deacon will remain an employee of the Corporation through March 31, 2020, in a non-executive, part-time role.

Jeffrey M. Schweitzer, President and CEO of Univest Financial Corporation commented, “The Univest family congratulates Roger on his retirement and we appreciate his contributions to the Corporation over the last three years. Brian is a valued member of the Univest leadership team and has been a part of Roger’s finance teams for the last eight years. We are confident of a smooth transition and I wish Roger all the best in his retirement.”

About Univest Financial Corporation

Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $5.0 billion in assets and $3.3 billion in assets under management and supervision through its Wealth Management lines of business at December 31, 2018. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.