Univest Completes Acquisition of Gum Insurance

December 4, 2001

Pennsylvania’s Univest Corp. announced that it has completed the acquisition of Gum Insurance, based in Lansdale PA, from the Turner Group of Parsippany NJ. The terms of the acquisition were not disclosed.

“Gum Insurance is an agency providing property and casualty insurance, employee benefits, disability and group insurance for individuals and for commercial clients,” said the announcement. It was founded in 1922 and operates mainly in Southeastern Penna.

Cindy Gum, regional VP for the Turner Group, indicated that by aligning with Univest, whose operating divisions include Union National Bank and Trust Co., Pennview Savings Bank, Fin-Plan Group and George Becker Associates, Gum’s customers would be able to “take advantage of the comprehensive financial products Univest Corporation will be able to provide.”

Topics Mergers

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