EXHIBIT 99.1


CONTACT:   William S. Aichele
           President and Chief Executive Officer
           Univest Corporation
           215-721-2457

FOR IMMEDIATE RELEASE

               UNIVEST CORPORATION ANNOUNCES AGREEMENT TO PURCHASE
                           DONALD K. MARTIN & COMPANY
  Acquisition expands insurance subsidiary and service area into Chester County

      SOUDERTON, Pa, December 14, 2004-- Univest Corporation of Pennsylvania
(listed on NASDA: UVSP), Souderton, Pa., and Donald K. Martin & Company, West
Chester, Pa, jointly announced today that they have reached an agreement for
Univest to acquire Donald K. Martin & Company.

      The acquisition of Donald K. Martin & Company will expand Univest
Corporation's insurance subsidiary, Univest Insurance, Inc., enabling it to
provide a full platform of insurance solutions for individuals and commercial
clients for the first time in Chester County, Pa. Donald K. Martin & Company
specializes in property and casualty insurance for commercial clients with a
focus on the nonprofit sector.

      "This acquisition will enable Univest to provide residents of Chester
County with access to the same full line of financial solutions available to our
customers in Bucks and Montgomery counties," said William S. Aichele, president
and chief executive officer of Univest Corporation. "For nearly 20 years, Donald
K. Martin & Company has provided an important service for commercial clients and
nonprofits in the county, and our combined expertise will prove beneficial for
Univest clients throughout our service territory."

      Donald K. Martin & Company was founded in 1985 by Donald K. Martin. Martin
brings to Univest his insurance expertise in serving nonprofit organizations
including churches, senior communities, life communities and more. Increasing
Univest's ability to provide insurance solutions for nonprofit organizations
complements Univest Insurance's existing platform of services.

      "The combination of these two exceptional agencies will provide additional
insurance products and expertise to all of our customers," said Donald K.
Martin, president of Donald K. Martin & Company. "We are eager to deliver these
services to residents throughout Bucks, Chester and Montgomery counties."

                                    --MORE--





Page 2 - Univest Corporation
Univest to Acquire Donald K. Martin & Company


      Univest Insurance, Inc. is an independent insurance agency, providing
property and casualty insurance, employee benefits, disability and group
insurance for individuals and commercial clients, and identity theft insurance.
It is headquartered in Lansdale, Pa.

      Univest Corporation and its subsidiaries, Univest National Bank and Trust
Co., Univest Insurance, Inc. and Univest Investments, Inc., provide community
support, leadership, and strong performance in the financial services industry.
Univest serves residents and businesses in Bucks and Montgomery counties through
a branch network of 36 offices 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.