On October 28, 2020, the Board of Directors of Univest Financial Corporation (the Corporation) appointed Suzanne Keenan, who is presently serving as an Alternate Director of the Corporation, as a Class I director, effective January 1, 2021. Ms. Keenan's term will expire at the 2021 annual shareholders meeting. Ms. Keenan will continue to serve on the Corporation's Enterprise-Wide Risk Management Committee. On October 28, 2020, the Corporation appointed Joseph P. Beebe to serve as an alternate director of the Corporation, effective January 1, 2021, with a term expiring at the 2021 annual shareholders meeting. Mr. Beebe was most recently a Managing Director and Co-Head of the Insurance and Asset Management Group in the Investment Banking Division of Keefe Bruyette and Woods Inc. Mr. Beebe previously held management positions at Fox-Pitt, Kelton Inc. and Midlantic Corporation.
Univest Financial Corporation is a bank holding company for Univest Bank and Trust Co. (the Bank). The Bank is a state-chartered bank and trust company. The Company has three segments: Banking, Wealth Management and Insurance. Banking segment provides financial services to individuals, businesses, municipalities and non-profit organizations. These services include a full range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking services, and equipment lease financing. Wealth Management segment offers investment advisory, financial planning, trust and brokerage services. The segment serves a diverse client base of private families and individuals, municipal pension plans, retirement plans, trusts and guardianships. Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, employee benefit solutions, personal insurance lines and human resources consulting.
UNIVEST FINANCIAL CORPORATION 
