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Univest CFO to retire
March 19, 2019//
Univest CFO to retire
Deacon’s retirement take effect on June 30, but he will remain as an employee of the corporation in a non-executive, part-time position until March 31, 2020, according to a news release.
He joined the Souderton-based Univest in July 2016, after the bank acquired Fox Chase Bancorp Inc. Deacon had served as Fox Chase’s CFO for nine years prior to the merger.
Deacon will be replaced by Brian J. Richardson, the bank’s current executive vice president and director of finance.
Richardson also joined the corporation after the acquisition of Fox Chase Corp, where he had served as senior vice president and director of accounting for five years.
“Brian is a valued member of the Univest leadership team and has been a part of Roger’s finance teams for the last eight years,” said Jeffrey M. Schweitzer, president and CEO of Univest Financial.
Univest expanded into the Lancaster County market in 2016 with a loan production office and a branch in West Lampeter Township. It now has five offices in the county, according to the Federal Deposit Insurance Corp.
Univest Financial Corp., whose chief banking subsidiary is Univest Bank and Trust Co., has approximately $5 billion in assets. The bank has over 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland.
