BRYN MAWR, Pa., August 1, 2014 – Bryn Mawr Bank Corporation (NASDAQ: BMTC), (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today announced that Harry R. (“Gary”) Madeira, Jr. was appointed Executive Vice President and head of the Wealth Management Division effective September 2, 2014. In his new role, Mr. Madeira will replace Francis J. Leto who was appointed President and COO of the Bank and Corporation on May 1, 2014.
“I’m very excited about the opportunity to work with Gary and I know he will be a valuable asset and contributor to the executive management team. He is a well-regarded professional and has a demonstrated commitment to delivering excellent client service which is a keystone of the Bryn Mawr Trust brand. His proven track record for business development and successfully nurturing long-term client relationships are qualities we admire. I’m confident that Gary is well suited for his new responsibilities and he will be an outstanding leader of the Wealth Management Division”, said, Francis J. Leto, President and COO.
Before joining Bryn Mawr Trust, Madeira served as Senior Vice President of Brown Brothers Harriman & Co. with responsibility for managing client relationships and new business development. He was responsible for developing significant wealth management business for the investment units of Brown Brothers Harriman & Co.
“As a former competitor of Bryn Mawr Trust, I was very much aware of the tremendous growth of the Bank and Wealth Management Division. In light of the recent prolonged recession, their performance was a particularly enviable accomplishment. I have long admired their strategic business model and the strong brand awareness they have built. It’s a great opportunity to get to lead a team that is already performing so well and take them to the next level”, said Harry R. (“Gary”) Madeira, Jr., and Executive Vice President.
Mr. Madeira is a seasoned financial services executive with more than thirty eight years’ experience. He is a long-time resident of the Philadelphia area and is active in educational, charitable and cultural organizations including; The Episcopal Academy, Visiting Nurses Society and Chanticleer Foundation.
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; 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.