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Bryn Mawr Trust Rebrands Powers Craft Insurance Division as BMT Insurance Advisors

Press Releases

Bryn Mawr, Pa., April 2, 2018 – Bryn Mawr Trust (“BMT”), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), announced today that their insurance and risk management subsidiary Powers Craft Parker & Beard, Inc. (“Powers Craft”) is now BMT Insurance Advisors (“BMTIA”). Edward F. Lee, CPCU® will continue as President of BMTIA.

“Customers have found tremendous value and comfort in our growing insurance and risk management expertise,” said BMBC President and CEO Frank Leto. “The BMT brand is strong – trusted and with top-of-mind awareness. The rebranding to BMT Insurance Advisors is a natural progression, capitalizing on one cohesive brand. It is an exciting time for BMT.”

BMT acquired Powers Craft in October 2014 to bolster their existing insurance subsidiary Insurance, Counsellors of Bryn Mawr, that began operations in 1998. BMT has subsequently made two additional acquisitions in the insurance space. The line of business has become an important source of noninterest income for the Corporation.

BMTIA is an independent insurance brokerage and risk management consulting firm that builds customized insurance solutions to suit specific customer needs. They are licensed to do business in forty-one states. BMTIA partners with all BMT divisions – including Wealth Management, Private Banking, Leasing, Consumer Banking, and Commercial Banking – to assist in developing strategies for customers.