BRYN MAWR, Pa., April 30, 2019 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (together with the Corporation, “BMT”), announced today that Jim Donovan has joined the organization as Senior Vice President, Head of Commercial & Industrial Banking. He will report to the President of BMT Banking, Kevin Tylus, and will be based with the commercial lending group in Wayne, Pa.
Mr. Donovan will focus on BMT’s expanding commercial and business banking services and oversee the C&I, Small Business and SBA lending groups. His appointment is part of BMT’s strategic plan to ensure the bank is well positioned to support its growth initiatives.
“I am pleased to welcome Jim, an experienced banking and lending executive to BMT. He is a great addition to our senior banking team,” said Kevin Tylus. “His expertise in process improvement, new business development with a focus on client relations, and credit and portfolio management will be a real asset as we continue to strategically grow our organization.”
Mr. Donovan held positions of increasing responsibility throughout his time at CoreStates, Meridian and, most recently, M&T where he spent more than 20 years and oversaw their Pennsylvania Business Banking Division.
He is a graduate of Shippensburg University with a bachelor’s degree in business administration and received his MBA from Saint Joseph’s University. Active in the community, Mr. Donovan has served and volunteered regularly including previous roles with the Schuylkill Chamber of Commerce, the Eagle Foundation, Big Brothers Big Sisters of Harrisburg, United Way of Schuylkill County, and Treasurer of Junior Achievement of South-Central Pa.
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 $4.6 billion in corporate assets and $14.7 billion in wealth assets under management, administration, supervision, and brokerage (as of 3/31/19). Today, the company operates 43 banking locations, five (4) 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; 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:
F. Kevin Tylus,
President, BMT Banking
Senior Vice President, Marketing
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e381df68-49ca-4a04-9ba5-9184274e9c88