8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 31, 2008

UNIVEST CORPORATION OF PENNSYLVANIA
(Exact name of registrant as specified in its charter)

Pennsylvania	0-7617	23-1886144
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

14 North Main Street,	Souderton, Pennsylvania 18964
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (215) 721-2400

Not applicable

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

The information in this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subjected to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

On December 31, 2008, Univest Corporation of Pennsylvania (the “Corporation”) issued a press release announcing the acquisition of the Trollinger Consulting Group, an independent actuarial, administrative, consulting/compliance, and investment counseling firm that exclusively serves Municipal Pension Plan clients.

Approximately $5.95 million will be paid at closing with the remaining purchase price paid in annual installments over the three year period ended December 31, 2011 based on the achievement of certain levels of pre-tax income.  The total purchase price will not exceed $8.75 million.  A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

Exhibit No.	Description of Document
99.1	Press release issued by Univest Corporation of Pennsylvania on December 31, 2008

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Univest Corporation of Pennsylvania

By: /s/ K. Leon Moyer                             
Name: K. Leon Moyer
Title: Vice Chairman

December 31, 2008

EXHIBIT INDEX

Exhibit No.	Description of Document
99.1	Press release issued by Univest Corporation of Pennsylvania on December 31, 2008

EX-99.1

Exhibit 99.1

NEWS

CONTACT: Kim Detwiler
Vice President, Director of Corporate Communications
Univest Corporation
215-721-8396
detwilerk@univest.net

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION ACQUIRES TROLLINGER CONSULTING GROUP
The acquisition will further expand Univest’s advisory
capabilities by defining a new, niche service — municipal pension plans.

SOUDERTON, Pa., December 31, 2008 — Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP) today announced the acquisition of Trollinger Consulting Group (TCG), an independent actuarial, administrative, consulting/compliance, and investment counseling firm that exclusively serves Municipal Pension Plan clients. TCG, which is based in Allentown, Pa., was founded in 1994 by Steven M. Trollinger and serves approximately 70 municipal accounts throughout the Commonwealth of Pennsylvania.

“We are excited to begin offering a robust platform of pension plan services to expand our integrated solutions and strengthen relationships with the municipalities throughout the markets we serve,” said William S. Aichele, chairman, president and CEO of Univest Corporation. “This acquisition also builds momentum around our recent expansion into the Lehigh Valley by bringing us our first physical location in this new market.”

Steven M. Trollinger will join Univest as a senior vice president and continue to lead the team of six employees in their present office on Hamilton Boulevard in Allentown.

“In addition to growing our financial capabilities for clients through this acquisition, we are excited about the opportunity to welcome six new experienced employees to the Univest family,” said Kenneth D. Hochstetler, senior executive vice president of Univest Corporation. “Steven has developed a solid business model supported by a proprietary MUNI2000^© database and a Strategic Asset Allocation™ process, which are key to delivering these niche services to support municipalities. In addition, TCG’s and Univest’s client bases align well. This will help fuel organic growth for Univest in the coming years and support our vision to become the best integrated financial solutions provider in the market.”

The TCG acquisition is the second acquisition completed by Univest Corporation this week. On Monday, December 29, Univest also acquired Liberty Benefits, Inc., a full service employee benefits brokerage and consulting firm specializing in comprehensive employee benefits packages for businesses with 2-500 employees.

“This is a tremendous way for us to showcase our commitment to steady and stable growth for our Company today and in the future,” added Aichele. “During these challenging economic times, our ability to grow both organically and through acquisition is a testament to the strength of our employees and our core business operations.”

Univest Corporation of Pennsylvania was founded in Souderton, Pa. in 1876. Univest and its subsidiaries, Univest National Bank and Trust Co., Univest Insurance, Inc., Univest Investments, Inc., and Univest Capital, Inc., provide support and leadership in their communities and offer a wide range of financial services to individuals, businesses, municipalities and non-profit organizations. Univest serves Bucks, Montgomery, Chester and Lehigh counties through 33 financial service centers, 12 retirement community financial service centers, and 39 ATM locations.

# # #

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.

Securities and insurance products are offered through Univest Investments, Inc., Member FINRA and SIPC, a licensed subsidiary of Univest Corporation of Pennsylvania. They are not FDIC insured, are not a deposit of or bank guaranteed, and are subject to risks, including possible loss of principal amount invested.