Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation”),
parent of The Bryn Mawr Trust Company (”BMT”), has announced the
appointment of
Patrick Killeen, as Chief Risk
Officer and Senior Vice President of BMT’s Risk Management
Division, effective June 5, 2017. Mr. Killeen will report
directly to President and CEO, Frank Leto, as well as our Board of
Directors.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/0988866f-d316-410c-8517-0fa8d00550de
"Patrick’s broad experience makes him the perfect candidate to
lead our Risk team and we welcome him to Bryn Mawr Trust,” said
Frank Leto, continuing, “BMT will greatly benefit from the depth of
Patrick’s cross-function risk management expertise which spans a
wide array of risk and compliance disciplines including: Operations
Risk and Compliance, Bank Secrecy Act, Anti-Money Laundering,
Information Security, Insurance Risk Management, Business
Continuity, Vendor Management, Loss Prevention, Loan Review and
Physical Security.”
Mr. Killeen has more than 24 years of experience in a variety of
compliance, risk assessment, governance, and regulatory roles at
banks and financial services businesses. He joins BMT from
Bank of the Ozarks, where he served as Director of Enterprise Risk
Management. Prior to that, he was at Susquehanna Bancshares, Inc in
the role of Head of ERM Operations; Director of Corporate Stress
Testing, Analytics, & Policy Management; ERM Analytics Manager.
Mr. Killeen also previously served as Audit Director; Director of
Risk Management at First Niagara Bank, N.A.
Mr. Killeen earned his BS from Drexel
University, and holds the following professional
designations: Certified Internal Auditor (CIA), Certified
Information Systems Auditor (CISA), Certified in Risk Management
Assurance, Certified in Control Self-Assessment (CCSA), and
Certified Financial Services Auditor (CFSA). He currently
resides in Lebanon, PA., and expects to relocate to Phoenixville,
PA soon.
Bryn Mawr Bank Corporation (NASDAQ:BMTC), including its
principal subsidiary, The Bryn Mawr Trust Company (founded in 1889;
headquartered in Bryn Mawr, Pa.), is a locally managed financial
services company providing retail and commercial banking, trust
administration and wealth management, and insurance solutions. Bryn
Mawr Bank Corporation has $3.29 billion in corporate assets and
$11.73 billion in wealth assets under management, administration,
supervision, and brokerage (as of 3/31/2017). BMT operates 25
full service retail bank locations in Montgomery, Chester, Delaware
and Philadelphia Counties in Pennsylvania and New Castle County in
Delaware. For more information, visit www.bmtc.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBORThis
press release contains statements which, to the extent that they
are not recitations of historical fact may constitute
forward-looking statements for purposes of the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as
amended. Such forward-looking statements may include financial and
other projections as well as statements regarding the Corporation’s
future plans, objectives, performance, revenues, growth, profits,
operating expenses or the Corporation’s underlying assumptions. The
words “may,” “would,” “should,” “could,” “will,” “likely,”
“possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,”
“potentially,” “probably,” “outlook,” “predict,” “contemplate,”
“continue,” “plan,” “forecast,” “project,” “are optimistic,” “are
looking,” “are looking forward” and “believe” or other similar
words and phrases may identify forward-looking statements. Persons
reading this press release are cautioned that such statements are
only predictions, and that the Corporation’s actual future results
or performance may be materially different.
Such forward-looking statements involve known
and unknown risks and uncertainties. A number of factors, many of
which are beyond the Corporation’s control, could cause our actual
results, events or developments, or industry results, to be
materially different from any future results, events or
developments expressed, implied or anticipated by such
forward-looking statements, and so our business and financial
condition and results of operations could be materially and
adversely affected. Such factors include, among others, our need
for capital, our ability to control operating costs and expenses,
and to manage loan and lease delinquency rates; the credit risks of
lending activities and overall quality of the composition of our
loan, lease and securities portfolio; the impact of economic
conditions, consumer and business spending habits, and real estate
market conditions on our business and in our market area; changes
in the levels of general interest rates, deposit interest rates, or
net interest margin and funding sources; changes in banking
regulations and policies and the possibility that any banking
agency approvals we might require for certain activities will not
be obtained in a timely manner or at all or will be conditioned in
a manner that would impair our ability to implement our business
plans; changes in accounting policies and practices; the inability
of key third-party providers to perform their obligations to us;
our ability to attract and retain key personnel; competition in our
marketplace; war or terrorist activities; our ability to complete
anticipated acquisitions and any material differences in the actual
financial results, cost savings and revenue enhancements associated
with our acquisitions; and other factors as described in our
securities filings. All forward-looking statements and information
set forth herein are based on Management’s current beliefs and
assumptions as of the date hereof and speak only as of the date
they are made. The Corporation does not undertake to update
forward-looking statements.
For a complete discussion of the assumptions,
risks and uncertainties related to our business, you are encouraged
to review our filings with the Securities and Exchange Commission,
including our most recent Annual Report on Form 10-K, as well as
any changes in risk factors that we may identify in our quarterly
or other reports subsequently filed with the SEC.
Contact:
Tina S. McDonald
Senior Vice President
610.581.4875
tmcdonald@bmtc.com
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