November 16, 2022

On November 15, 2022, Univest Financial Corporation, Souderton, Pennsylvania, the holding company for Univest Bank and Trust Co., completed the public offering of $50.0 million of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”).  The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Univest Financial Corporation in the offering. The Luse Gorman team consisted of Scott Brown and Greg Sobczak.

Luse Gorman is the No. 1 legal advisor in the nation in 2022, based on number of transactions, for common stock and subordinated debt offerings by financial institutions, as reported by S&P Global Market Intelligence. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.