Pittsburgh’s newest bank secures branch site

PITTSBURGH — Almost four months after a Philadelphia area bank said it was entering Pittsburgh, it has found the site for its first branch here.

Univest Bank and Trust Co. filed an application with the Pennsylvania Department of Banking and Securities to open a Pittsburgh branch at 1501 Ardmore Blvd.

Univest, the retail arm of Univest Financial Corp. (NASDAQ:UVSP),, is based in Souderton, a borough in Montgomery County in the eastern side of the state. It has total assets of $6.7 billion and operates about 50 branches.