Bryn Mawr Trust Appoints Marc Jenkins as SVP, Chief Financial Officer of Its Wealth Management Division
October 22 2018 - 7:30AM
Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”),
parent of The Bryn Mawr Trust Company (”BMT”), announced today that
Marc Jenkins has been appointed Senior Vice President and Chief
Financial Officer of the Wealth Management division. His first day
was September 20, 2018 and he reports directly to Jennifer Dempsey
Fox, President of BMT Wealth Management.
Marc joins BMT from Wells Fargo, where he worked
since 2003 and advanced through various roles, including Senior
Vice President and Regional Investment Manager, Regional Finance
Manager, and Regional Chief Financial Officer. His other previous
work includes time at Ernst & Young, LLP; Arthur Anderson, LLP;
and JP Morgan & Co., Inc. He holds an MBA in finance and
a bachelor’s degree in business administration, both from Temple
University.
“Adding a CFO to the BMT Wealth Management
division is a part of our strategic plan and I am thrilled that
Marc has joined our team,” said Fox. “We have found in Marc a
seasoned finance professional with an understanding of the Greater
Philadelphia market and with the experience and capabilities to
manage a wealth division of our size, performance and
complexity.”
Executive Vice President Michael W. Harrington,
who remains the Chief Financial Officer of BMBC and BMT, adds “Marc
has an impressive background. His experience and insights will be
an asset to our entire organization. We look forward to the value
Marc will add to the organization.”
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 $4.4 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; 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.
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FOR MORE
INFORMATION: Jennifer Dempsey
FoxPresident BMT Wealth Management610.263.4600 Tina S. McDonaldSVP,
Marketing610.581.4875 |
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/28cf6af4-c840-4cc6-aeb6-5fe84c59e027
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