Exhibit 99.1

FOR IMMEDIATE RELEASE

UNIVEST CORPORATION OF PENNSYLVANIA – UNIVEST

BANK AND TRUST CO. – REPORTS SECOND QUARTER EARNINGS

SOUDERTON, Pa., July 23, 2014 – Univest Corporation of Pennsylvania (“Univest”) (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced financial results for the quarter ended June 30, 2014. Univest reported net income of $5.1 million or $0.31 diluted earnings per share for the quarter ended June 30, 2014, a 5% increase from reported net income of $4.8 million or $0.29 diluted earnings per share for the quarter ended June 30, 2013. The second quarter of 2014 results include $516 thousand in acquisition-related costs or $0.02 diluted earnings per share on a tax affected basis. Net income for the six months ended June 30, 2014 was $10.8 million or $0.66 diluted earnings per share, a 6% increase in net income compared to $10.2 million or $0.61 diluted earnings per share for the comparable period in the prior year.

Loans

Gross loans and leases increased $45.5 million or 3% from December 31, 2013 ($27.0 million of the increase occurred in the second quarter, an annualized growth rate of 7%) and $87.0 million or 6% from June 30, 2013. The growth in loans from December 31, 2013 and June 30, 2013 was primarily in business loans, commercial real estate loans and residential real estate loans as economic conditions have slowly improved. While we are beginning to see increases in lending activity, household income and spending levels remain sluggish.

Deposits

Total deposits declined $12.3 million or 1% from December 31, 2013, primarily due to a decrease in public funds which was partially offset by an increase in non-interest bearing demand deposits. Total deposits decreased $40.8 million or 2% from June 30, 2013 mainly due to a decrease in money market deposits in trust customer funds being held which were invested in third party funds. In addition, maturities of time deposits were offset by an increase in noninterest-bearing deposits.

Net Interest Income and Margin

Net interest income declined $364 thousand or 2% to $17.7 million for the second quarter of 2014 compared to the second quarter of 2013. Net interest income declined $359 thousand or 1% to $35.7 million for the six months ended June 30, 2014 compared to the same period in the prior year. The decline in net interest income from the prior year was primarily attributable to a reduction in lower yielding investment securities. This decline was partially offset by the redemption of Univest’s trust preferred securities and the termination of the related interest rate swap during the second quarter of 2013, maturities of higher yielding time deposits and a decline in the rate paid on time deposits. The net interest margin on a tax-equivalent basis for the second quarter of 2014 was 3.86%, compared to 3.96% for the first quarter of 2014 and 3.78% for the second quarter of 2013.

Non-Interest Income

Non-interest income for the quarter ended June 30, 2014 was $11.9 million, an increase of $933 thousand or 8% from the comparable period in the prior year. Non-interest income for the six months ended June 30, 2014 was $24.1 million, an increase of $1.6 million or 7% from the comparable period in the prior year. Investment advisory commission and fee income increased $991 thousand for the quarter and $2.1 million for the six months ended June 30, 2014, primarily due to the acquisition of Girard Partners (“Girard”) effective January 1, 2014. Insurance commission and fee income increased $852 thousand for the six months ended June 30, 2014, primarily due to an increase in contingency revenues during the first quarter of 2014 and the acquisition of the John T. Fretz Insurance Agency on May 1, 2013. These favorable increases were partially offset by a decrease in the net gain on mortgage banking activities of $897 thousand for the quarter and $2.2 million for the six months ended June 30, 2014. In 2014, higher interest rates have reduced refinance activity and purchase activity remains sluggish. This lead to a 72% decline in funded first mortgage volume for the second quarter of 2014 and a 75% decline for the six months ended June 30, 2014, from the comparable periods in 2013. The net gain on sales of securities decreased $924 thousand for the quarter and $967 thousand for the six months ended June 30, 2014 from the comparable periods in 2013. In addition, the three and six months ended June 30, 2013 included a $1.9 million loss on the termination of an interest rate swap which was used as a hedge of trust preferred securities.

Non-Interest Expense

Non-interest expense for the quarter ended June 30, 2014 was $21.8 million, an increase of $2.5 million or 13% compared to the second quarter of 2013. Non-interest expense for the six months ended June 30, 2013 was $42.7 million, an increase of $3.2 million or 8% from the comparable period in the prior year. Salaries and benefit expense increased $883 thousand for the quarter and $1.7 million for the six months ended June 30, 2014, primarily attributable to the Girard acquisition and lower deferred loan

origination costs. Intangible expenses increased by $1.3 million for the quarter and $1.9 million for the six months ended June 30, 2014, mainly due to the Girard acquisition and the reduction to the contingent consideration liability related to the Javers acquisition which resulted in a reduction of expense of $959 thousand during the second quarter of 2013. Premises and equipment expenses increased $477 thousand for the quarter and $984 thousand for the six months ended June 30, 2014 mainly due to increased costs related to computer equipment and software, snow removal, a new leased office location in the Lehigh Valley and the Girard acquisition. Acquisition-related costs for the second quarter of 2014 totaling $516 thousand were attributable to the pending Valley Green Bank acquisition and the Sterner Insurance acquisition. These unfavorable variances were partially offset by a decrease in commission expense of $593 thousand for the quarter and $1.1 million for the six months ended June 30, 2014 mainly due to the decline in mortgage banking activity. In addition, non-interest expense during the first quarter of 2013 included restructuring charges of $539 thousand.

Asset Quality and Provision for Loan and Lease Losses

Non-accrual loans and leases, including non-accrual troubled debt restructured loans, decreased to $17.7 million at June 30, 2014, from $23.2 million at December 31, 2013 and $25.2 million at June 30, 2013. The $5.5 million decrease in non-accrual loans from December 31, 2013 was mainly due to the sale of a commercial real estate loan for $2.5 million, the payoff of another commercial real estate loan for $1.3 million and the partial charge-off of two related commercial real estate loans. Net loan and lease charge-offs were $1.7 million during the second quarter of 2014, down from $4.0 million for the second quarter of 2013. Non-accrual loans and leases as a percentage of total loans and leases (held for investment and nonaccrual loans held for sale) were 1.12% at June 30, 2014, compared to 1.51% at December 31, 2013 and 1.68% at June 30, 2013.

Accruing troubled debt restructured loans decreased to $6.3 million at June 30, 2014 from $7.9 million at December 31, 2013 and $13.7 million at June 30, 2013. The decrease of $7.4 million from June 30, 2013 was primarily due to the payoff, in December 2013, of a large shared national commercial real estate credit with an outstanding principal balance of $5.8 million.

The provision for loan and lease losses was $1.3 million for the second quarter of 2014, down $2.2 million from the second quarter of 2013. The provision for loan and lease losses was $2.7 million for the six months ended June 30, 2014, down $2.8 million from the same period in the prior year. The decreases in the loan and lease provision were mainly due to a decline in collateral value in the second quarter of 2013 for a commercial real estate borrower. The allowance for loan and lease losses as a percentage of loans and leases held for investment was 1.52% at June 30, 2014, compared to 1.59% at December 31, 2013 and 1.65% at June 30, 2013. The allowance for loan and lease losses to nonaccrual loans and leases held for investment equaled 140.00% at June 30, 2014, compared to 105.42% at December 31, 2013 and 98.06% at June 30, 2013.

Capital

Univest continues to remain well-capitalized at June 30, 2014. Total risk-based capital at June 30, 2014 was 13.26%, well in excess of the regulatory minimum for well-capitalized status of 10%.

Dividend

On May 28, 2014, Univest declared a quarterly cash dividend of $0.20 per share, payable on July 1, 2014. This represented a 3.76% annualized yield based on the closing price of Univest’s stock on the date the dividend was paid.

About Univest Corporation of Pennsylvania

Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., has $2.2 billion in assets and over $3.0 billion in assets under management and supervision through its Wealth Management lines of business. 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 in the Mid-Atlantic Region. Univest delivers these services through a network of more than 40 offices in southeastern Pennsylvania extending to the Lehigh Valley, Maryland and online at www.univest.net.

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This press release of Univest Corporation of Pennsylvania and the reports Univest Corporation of Pennsylvania files with the Securities and Exchange Commission often contain “forward-looking statements” relating to present or future trends or factors affecting the financial services industry and, specifically, the financial operations, markets and products of Univest Corporation of Pennsylvania. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation of Pennsylvania’s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation of Pennsylvania is engaged; (6) technological issues which may adversely affect Univest Corporation of Pennsylvania’s financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation of Pennsylvania files with the Securities and Exchange Commission. Univest Corporation of Pennsylvania undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

June 30, 2014

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

June 30, 2014

Univest Corporation of Pennsylvania

Consolidated Selected Financial Data

June 30, 2014

Nonaccrual loans and leases have been included in the average loan and lease balances.

Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the three months ended June 30, 2014 and 2013 have been calculated using the Corporation’s federal applicable rate of 35.0%.