On March 18, 2019, Roger S. Deacon, Senior Executive Vice President and Chief Financial Officer of Univest Financial Corporation (the “Corporation”), provided the Corporation with notice of his intention to retire effective June 30, 2019. Mr. Deacon will continue to serve in his current capacity with the Corporation until June 30, 2019 and then will remain as an employee of the Corporation through March 31, 2020, in a non-executive, part-time role. Mr. Deacon's retirement as Chief Financial Officer did not result from a disagreement on any matter relating to the Corporation's operations, policies or practices.

On March 18, 2019, the Corporation announced that Brian J. Richardson, Executive Vice President and Director of Finance of the Corporation, would assume the position of Chief Financial Officer, effective July 1, 2019. Mr. Richardson will continue to serve in his current capacity with the Corporation until June 30, 2019. Mr. Richardson joined the Corporation on July 1, 2016, at the time of the Fox Chase Bancorp Inc. acquisition where he served as Senior Vice President and Director of Accounting for five years.