Univest Capital recently announced that its President, Bill Clark, will retire on March 31, 2025. Univest Capital is a subsidiary of Univest Bank and Trust Co. that serves the equipment financing needs of businesses and municipalities. In 2006, Clark cofounded Univest Capital and served as Chief Operating Officer until 2018 when he became the President. During the last 19 years, under Clark’s leadership, Univest Capital has grown from a start-up to a valuable line of business with approximately $250 million in net outstandings.
Upon Clark’s retirement, Mark Kelly, who currently serves as Senior Vice President and Commercial Sales Team Leader, will be promoted to President of Univest Capital.
“As a cofounder of Univest Capital, it was fun starting a company from scratch and creating value for our customers, employees and Univest’s shareholders,” said Bill Clark, President, Univest Capital. “The past 19 years have been fulfilling and I am very proud of what we’ve built. The team is in great hands, and I am confident the company will continue to succeed under Mark’s leadership.”
Mark Kelly, incoming President of Univest Capital shared, “I am very excited to take over the role as President of Univest Capital and continue to move our organization forward. Thanks to Bill’s tremendous leadership over nearly two decades, we are poised for many more years of success.”
Univest Capital, Inc. is a subsidiary of Univest Bank and Trust Co., Member FDIC, Equal Opportunity Lender
About Univest Financial Corporation
Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision through its Wealth Management lines of business at December 31, 2024. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net.
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