Univest CEO Aichele Retires for Seat on Federal Reserve Bank Board

The CEO of the Souderton-based Univest Corp. is retiring from the job in order to take a three-year term with the Federal Reserve Bank of Philadelphia Board of Directors.
William Aichele, a Perkasie resident, will continue to serve as Univest Corporation and Univest Bank and Trust Company's board chairman, according to the Federal Reserve Bank of Philadelphia.
Aichele also sits on the boards of Michener Art Museum in Doylestown, North Penn United Way and Grand View Hospital, per the report.
Aichele started with the Univest Corporation as a management trainee in 1971 and became vice president in 1988. In 1990, he was appointed executive vice president for Univest Corporation as well as chairman of Univest Bank and Trust Co. He became president of Univest Corporation in 1997, and took on the additional roles of president and CEO in 1999, and chairman in 2005.
Aichele, who has an associate’s degree in business administration from Valley Forge Military Academy, is also a graduate of the Stonier Graduate School of Banking.
Joining Aichele on the Federal Reserve Bank as new board members are Edward J. Graham, president and CEO of South Jersey Industries, and Brian M. McNeill, president and CEO of Southco Inc.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.