Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”),
parent of The Bryn Mawr Trust Company (“BMT”), announced today that
effective January 1, 2020, the former Lau Associates now operates
within Bryn Mawr Trust Wealth Management, a division of BMT. Lau
Associates had operated as a separate subsidiary of BMBC since its
acquisition in July of 2008. The office and team members will
remain located in Greenville, Delaware.
“Bringing the former Lau Associates team under
the BMT Wealth Management brand allows us to more efficiently
operate and combine resources to best serve the planning and
advisory needs of our clients,” said Jennifer Dempsey Fox,
President of Bryn Mawr Trust Wealth Management. “Focusing our
efforts as one collective group will have a positive impact on the
way we fulfill our client’s purpose, mission, and goals. We are
excited to be moving forward in unison under the Bryn Mawr Trust
umbrella.”
Mark Bradford, Senior Vice President &
Wealth Director, will lead the team of wealth strategists,
investment advisors, financial planners, and relationship
managers. He has more than 25 years’ experience in financial
services, the majority of which has been dedicated to managing and
developing financial planning, private banking, and investment
teams. Mr. Bradford reports directly to Ms. Fox.
Greenville team members include Cindy Peterson,
Senior Vice President, Senior Wealth Planning Strategist & Team
Leader; Joel Morris, Vice President & Senior Wealth Planning
Strategist; Michael Paregian, Vice President & Wealth Planning
Strategist; Scott Sumner, Vice President & Senior Tax
Accountant; and operational staff: Jenn Atkinson,
Pamela Lucas, and B.J. Whittaker.
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 $5.3 billion in corporate assets and
$16.6 billion in wealth assets under management, administration,
supervision, and brokerage (as of 12/31/19). 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
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