PITTSBURGH — A Philadelphia-area bank plans to expand into western Pennsylvania and has hired a veteran banker from F.N.B. to lead the charge.
Univest Financial Corp., parent company of Univest Bank and Trust Co., revealed its intentions in its first-quarter earnings release.
Based in Souderton, a borough in Montgomery County, Univest (NASDAQ:UVSP) has approximately $7.1 billion in assets and operates about 50 branches.
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Chris Trombetta has been appointed market president of the western Pennsylvania region. He had been senior vice president, commercial lending/business banking team leader at F.N.B Corp. for the past 10 years. He joined F.N.B.(NYSE:FNB) after its acquisition of Monroeville-based Parkvale Bank where he had been manager of commercial lending and had worked for a decade. Prior to that, he had been an assistance vice president at PNC Bank.
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