Bryn Mawr Trust Appoints Michael S. Thompson as SVP, Chief Financial Officer of Its Banking Division
BRYN MAWR, Pa., June 25, 2018 (GLOBE NEWSWIRE) -- Bryn Mawr Trust (BMT), a subsidiary of Bryn Mawr Bank Corporation (BMBC) (NASDAQ:BMTC), announced today the appointment of Michael S. Thompson as Senior Vice President and Chief Financial Officer of the Banking Division, effective June 19, 2018. He will report directly to Kevin Tylus, President of BMT Banking Division.
Thompson was the CFO at Royal Bank (RBA) from 2012 until it was acquired by BMT in December of 2017. Since then, he has been working with BMT supporting multiple initiatives. While at RBA, Mr. Thompson held several senior roles beginning in 1999, including controller and chief accounting officer. He holds an MBA in Finance from St. Joseph’s University and resides in Williamstown, New Jersey with his wife and son.
“As Bryn Mawr Trust continues its growth and high performance, we also add key talent wherever we can to expand our capacity and capabilities,” said Kevin Tylus. “Mike has a tremendous understanding of banking, finance and operations and the related challenges and opportunities of each. I have worked with Mike for several years; he is a tremendous partner and, without question, has the talent and skills to help us achieve our goals.”
Executive Vice President Michael W. Harrington who remains the Chief Financial Officer of BMBC and BMT, adds, “Mike’s experience in finance, accounting, and operations is well evidenced, and he has provided invaluable support to BMT during and since the RBA acquisition. We look forward to the value he will continue to add to the organization.”
About Bryn Mawr Trust
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 $4.3 billion in corporate assets and $13.2 billion in wealth assets under management, administration, supervision, and brokerage (as of 3/31/18). 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 County 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.
F. Kevin Tylus
President, BMT Banking Division
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