The merger of Univest Bank and Valley Green Bank is moving forward and should be effective on January 1, 2015.
According to officials with Univest Corporation of Pennsylvania, Univest Bank and Trust's parent company, all necessary regulatory and shareholder approvals are in, and the pending merger is set to close in a few weeks.
The transaction was announced in June.
Founded in 1876 and founded in Souderton, Montgomery County, Univest delivers financial services to customers through a network of 40 offices in southeastern Pennsylvania, extending to the Lehigh Valley, Maryland and online at www.univest.net.
With the addition of Valley Green, Univest will be able to move into the Philadelphia market.
Valley Green is a Pennsylvania-chartered commercial bank that opened in 2005 with three full-service branches and two commercial loan offices in Philadelphia and nearby Radnor.
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