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.
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