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Bryn Mawr Bank Corporation Expands Mortgage Business Announces the Hiring of Four Residential Mortgage Banking Professionals

Press Releases

Bryn Mawr, Pa., March 19, 2015 – Bryn Mawr Bank Corporation (NASDAQ: BMTC), (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today announced the hiring of four additional mortgage banking professionals as part of a strategic initiative to expand their presence in the residential mortgage business. The newest members of the Bryn Mawr Trust’s Mortgage Department have a combined work experience of more than 75 years.

The new team members are:

Thomas S. Forker, Vice President, has management responsibility for Bryn Mawr Trust’s residential mortgage sales team. He has twenty six years’ experience with expertise in sales, training and regulatory compliance. Tom was most recently with Firstrust Bank, and has also managed residential mortgage programs at other Philadelphia area banks including; Harleysville National Bank, Citizens Bank and Commonwealth Bank.

Cathy Young, Vice President, is an experienced mortgage professional and a recipient of the Five Star Mortgage Professional Award from 2011 to 2014.The Award recognizes mortgage professionals who score the highest ratings in overall customer satisfaction. Cathy has over 17 years’ experience and was, for the past 13 ½ years, at First Niagara Bank. She is an affiliate member of the Montgomery County Association of Realtors.

Andrew J. Krider, Vice President, excels in developing long-lasting client relationships as a result of his commitment to providing superior client service and satisfaction. He has more than 17 years of mortgage banking experience and he has been a sales leader throughout his career. Andrew is an affiliate member of the Suburban West Realtor Association and Home Builders Association of Chester and Delaware Counties. He is an active member of the community and a serves on the Boards of several community non-profit organizations.

Anne Stulpin, Vice President, has over 17 years of mortgage banking experience and has been a top producer throughout her career. Anne was most recently with Citizens Bank, Norristown, PA and has worked at other local financial institutions including Superior Mortgage Corp., National City Mortgage. Gateway Funding and TBI Mortgage.

“I am delighted to add such outstanding mortgage banking professionals to our team. Successful seasoned professionals with superior product knowledge, a singular focus for delivering exceptional service and customer satisfaction is our legacy and what has made us a proven leader in providing banking services for over 125 year,” said Frank Leto, President and CEO.

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.

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