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UNIVEST CORPORATION -- UNION NATIONAL & PENNVIEW SAVINGS BANKS -- REPORTS STRONG PERFORMANCE IN 1992

 SOUDERTON, Pa., Feb. 1 /PRNewswire/ -- Univest Corporation of Pennsylvania (OTC Bulletin Board: UVSP), parent company of Union National Bank and Pennview Savings Bank, has reported for the year ending Dec. 31, 1992, net income of $8,413,838 or $5.36 per share.
 Year-end net income for 1992 posted an increase of 9.9 percent, while earnings per share increased 9.8 percent.
 Assets totaled $791,334,605 and net worth $66,282,057 as of Dec. 31, 1992, representing an increase of 4.6 percent and 10.8 percent as reported Dec. 31, 1991. Total deposits at Dec. 31, 1992, were $677,270,521, an increase of 4.1 percent as reported Dec. 31, 1991.
 Merrill S. Moyer, Univest Corporation chairman and president, credited the strong 1992 performance with record profits to a stable rate environment and an improved economy.
 Univest Corp and its subsidiaries, Union National Bank and Pennview Savings Bank, offer financial services and support to 16 Montgomery and Bucks County communities.
 UNIVEST CORPORATION
 Financial Summary Highlights
 December 1992 December 1991 Percent Change
 Fourth Quarter
 Net interest income $8,065,388 $7,226,871 11.6
 Net income 2,266,440 2,635,412 (14.0)
 Earnings per share $1.43 $1.67 (14.4)
 12 months
 Net interest income $29,835,174 $27,727,307 7.6
 Net income 8,413,838 7,655,971 9.9
 Earnings per share $5.36 $4.88 9.8
 Total assets $791,334,605 $756,535,971 4.6
 Total net worth 66,282,057 59,828,854 10.8
 Total deposits 677,270,521 650,677,163 4.1
 /delval/
 -0- 2/1/93
 /CONTACT: Merrill S. Moyer, chairman and president, or Harry L. Wurster, 215-721-2400, ext. 2172, or after hours, 215-256-8383, both of Univest Corp/
 (UVSP)


CO: Univest Corporation of Pennsylvania ST: Pennsylvania IN: FIN SU: ERN

LJ-MK -- PH009 -- 1223 02/01/93 09:47 EST
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Date:Feb 1, 1993
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