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Bryn Mawr Trust Announces Adam Bonanno as SVP, Chief Technology Officer

BRYN MAWR, Pa., Jan. 04, 2019 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (”BMT”), has announced the appointment of Adam Bonanno as Senior Vice President and Chief Technology Officer (CTO) of BMT. Mr. Bonanno reports directly to President and CEO Frank Leto.

Mr. Bonanno is responsible for BMT’s technology strategy, operations, security and business plans.  He also manages all technology investments, projects, and related resources. 

“Adam’s hiring is consistent with our strategy of adding talent to the BMT team to ensure we are well positioned to compete and succeed in today’s rapidly changing technology environment,” said Frank Leto. “In Adam, we add a seasoned leader with deep IT expertise and a track record of collaborating and innovating in the IT space.  We have made significant investments in technology and Adam will lead our efforts to maximize the return on these investments as well as guide and inform us as we execute on our long-term vision for Bryn Mawr Trust,” continued Mr. Leto.

Mr. Bonanno has 19 years of experience leading technology transformation across all aspects of IT management including software development, systems integration, cybersecurity, governance, data sciences, and predictive analytics.  Most recently Mr. Bonanno was Chief Data Officer and the Innovation & Optimization Services Senior Vice President at BB&T. Previously he was the Chief Information Officer and CTO at Susquehanna Bancshares, Inc.  Prior to working in the banking industry, he worked in the aerospace and defense industry for Vencore, now Perspecta, as their Chief Information Security Officer and for Lockheed Martin in systems architecture and information security leadership roles.

Mr. Bonanno earned a Master of Science in Computer Science from Rensselaer Polytechnic Institute and a Bachelor of Science, also in computer science, from Millersville University. He also earned his CIO Leadership certificate from the MIT Sloan School of Management. Finally, he is a Certified Information Systems Security Professional (CISSP) and an Information Systems Security Architecture Professional (ISSAP).

Bryn Mawr Bank Corporation (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 $4.4 billion in corporate assets and $13.9 billion in wealth assets under management, administration, supervision, and brokerage (as of 9/30/18).  Today, the company operates 43 banking locations, six (6) wealth management offices and three (3) 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 bmtc.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; litigation; 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:
Frank Leto, President, CEO
610.581.4730 

Tina McDonald, SVP, Marketing
610.581.4875

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fc9084b8-6feb-4e0a-a05a-326cf352da72