UNIVEST CORPORATION OF PENNSYLVANIA
                                AND SUBSIDIARIES

                                   EXHIBIT 21

                                  [Item 15(c)]

                         SUBSIDIARIES OF THE REGISTRANT


                   100% VOTING SECURITIES OWNED BY REGISTRANT

1)    Univest National 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 it
            wholly-owned subsidiaries:

            i.    Univest Investments, Inc. - chartered in the Commonwealth of
                  Pennsylvania

            ii.   Univest Insurance, Inc. - chartered in the Commonwealth of
                  Pennsylvania

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

3)    Univest Realty Corporation - chartered in the Commonwealth of Pennsylvania

4)    Univest Reinsurance Corporation is chartered in the State of Arizona


                      100% COMMON STOCK OWNED BY REGISTRANT

5)    Univest Capital Trust I - chartered in the State of Delaware



All the subsidiaries do business under the above names.