Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation
(NASDAQ: BMTC), announced today that Mike Stevens has joined the
company as senior vice president and commercial banking team lead.
His team focuses on a geography stretching from the state of
Delaware into Southern Pennsylvania including Berks, Chester,
Dauphin, Lancaster, and Montgomery counties. Mr. Stevens reports
directly to Wayne McKillop, senior vice president and Managing
Director of Commercial and Industrial Banking at BMT. In addition
to managing a team of Commercial Relationship Managers, Mike is
also responsible for his own portfolio of select clients with
commercial and industrial lending relationships.
“Mike has a wonderful reputation among his
clients and others in our industry,” said McKillop. “We have seen
significant growth in the area of commercial and industrial
lending. We believe Mike will enhance the management structure,
support our extended geography, and provide best-in-class service
and solutions to businesses requiring capital.”
Mike has 20 years of financial services
experience. Most recently, he was a vice president of commercial
lending for BB&T in Berks County, Pennsylvania. He has held
similar positions at the former Sovereign Bank and M&T
Bank.
Mike holds a bachelor’s degree in business
management and finance from Kutztown University of Pennsylvania.
Volunteerism and community involvement have been consistent threads
throughout his career. He has been board chairman for the Twin
Valley YMCA and a board or committee member at several other
organizations, including Prospectus Berco, United Way of Berks
County, Tri County Area Chamber of Commerce, and the Lancaster
Family YMCA.
Bryn Mawr Bank Corporation (NASDAQ: BMTC),
including its principal subsidiary, The Bryn Mawr Trust Company
(BMT), was founded in 1889, and is headquartered in Bryn Mawr, Pa.
BMT is a locally managed, premier financial services company
providing retail and commercial banking; trust administration and
wealth management; and insurance and risk management solutions.
Bryn Mawr Bank Corporation has $4.83 billion in corporate assets
and $15.6 billion in wealth assets under management,
administration, supervision, and brokerage (as of 9/30/19). Today,
the company operates 43 banking locations, seven (7) wealth
management offices and two (2) insurance and risk management
locations in the following counties: Montgomery, Chester, Delaware,
Philadelphia, and Dauphin Counties in Pennsylvania; New Castle
County in Delaware; and Mercer and Camden Counties in New Jersey.
For more information, visit bmt.com.
FORWARD-LOOKING STATEMENTS AND SAFE
HARBOR This 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; unanticipated
regulatory or legal proceedings, outcomes of litigation or other
contingencies; cybersecurity events; 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.
FOR MORE INFORMATION: Tina
McDonaldSenior Vice President, Marketing610.581.4875
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0ef3cb40-6f0b-4445-a702-701d08e2403e.
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