Item 5.02       Departure of Directors or Certain Officers; Election of Directors; Appointment
                of Certain Officers; Compensatory Arrangement of Certain Officers.

On October 28, 2020, the Board of Directors of Univest Financial Corporation (the "Corporation") appointed Suzanne Keenan, who is presently serving as an Alternate Director of the Corporation, as a Class I director, effective January 1, 2021. Ms. Keenan's term will expire at the 2021 annual shareholders meeting. Ms. Keenan will continue to serve on the Corporation's Enterprise-Wide Risk Management Committee.

On October 28, 2020, the Corporation appointed Joseph P. Beebe to serve as an alternate director of the Corporation, effective January 1, 2021, with a term expiring at the 2021 annual shareholders meeting.

Mr. Beebe was most recently a Managing Director and Co-Head of the Insurance and Asset Management Group in the Investment Banking Division of Keefe Bruyette and Woods, Inc. Mr. Beebe previously held management positions at Fox-Pitt, Kelton, Inc. and Midlantic Corporation. Mr. Beebe is currently a member of the President's Advisory Council and Institute for Creativity and Entrepreneurship Advisory Board at Villanova University. Mr. Beebe previously served as an Advisory Board Member of Patriot Capital. Mr. Beebe holds a Bachelor of Arts Degree in Economics from Villanova University and an MBA with a concentration in finance from Pace University- Lubin Graduate School of Business.

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