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

100% Common Stock Owned by Registrant

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

All the subsidiaries do business under the above names.