UNIVEST CORPORATION OF PENNSYLVANIA
AND SUBSIDIARIES

EXHIBIT 21

[Item 15(c)]

Subsidiaries of the Registrant

100% Voting Securities Owned by Registrant

1) Univest Bank and Trust Co. — chartered in the Commonwealth of Pennsylvania — and its wholly-owned subsidiary as follows:

a. Delview, Inc. — chartered in the State of Delaware and its wholly-owned subsidiaries:

i.	Univest Investments, Inc. — chartered in the Commonwealth of Pennsylvania
ii.	Univest Insurance, Inc. — chartered in the Commonwealth of Pennsylvania — and its wholly-owned subsidiary:

• Allied Benefits Group, LLC — chartered in the Commonwealth of Pennsylvania

b.	TCG Investment Advisory, Inc. — chartered in the Commonwealth of Pennsylvania
c.	Univest Capital, Inc. — chartered in the Commonwealth of Pennsylvania

2) Univest Delaware, Inc. — chartered in the State of Delaware

3) Univest Reinsurance Corporation — chartered in the State of Arizona

100% Common Stock Owned by Registrant

4) Univest Capital Trust I — chartered in the State of Delaware

All the subsidiaries do business under the above names.