WILMINGTON, Del. and BRYN MAWR, Pa. – WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at approximately $976.4 million. Simultaneously with the merger, The Bryn Mawr Trust Company (“BMT”), the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS.
Ready to head out on a road trip? You are not short on places to go! There are plenty of fantastic options to go sightseeing by car and snap your photos.
The sudden need for touchless transactions brought about the rebirth of QR codes, and it seems as if they are here to stay. This simple technology has streamlined the way we live through the pandemic and beyond.
On April 28, 2021, President Biden released his American Families Plan. This plan includes some, but not all, of the proposals Biden made during the presidential campaign. While the plan expands child tax credits and the earned income tax credit, it calls for tax increases on high-income individuals. It is important to note that this […]
In this week’s Monday Market Insights, we highlight the continued recovery in corporate earnings, reveal some noteworthy equity market signals as interest rates have trended lower more recently, and provide some thoughts about recently released economic data. In our Chart of the Week, we examine the decline in U.S. COVID-19 cases in relation to the relative returns for domestic and international equities. Finally, in the Commentary section, we address concerns some investors may have regarding equity margin debt levels.
Amid the tech sector’s fluctuations, Jeff Mills, Chief Investment Officer at Bryn Mawr Trust Wealth Management, joined CNBC’s Fast Money to discuss the market’s reaction to Federal Reserve sentiment, interest rates and earnings reports as well as the factors driving the rotation into fundamentals.
In this week’s Monday Market Insights, we discuss President Biden’s address to Congress, more robust economic data, and a Federal Reserve still on hold. Our Chart of the Week highlights the trend of earnings expectations and valuations. Finally, we look at how the Real Estate sector could face little impact from a hike in corporate taxes.
In this week’s Market Insights, we cover the modest decline in bond yields to start the second quarter, the record bond issuance by individual financial issuers, and the increasing price of lumber. In our Chart of the Week, we discuss the Federal Reserve’s balance sheet and its impact on real yields. Finally, we highlight U.S. employment and the current health of the labor market.
BRYN MAWR, Pa., April 22, 2021 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $17.1 million, or $0.85 diluted earnings per share, for the three months ended March 31, 2021, as compared to $15.5 million, or $0.78 diluted earnings per share, […]
In this week’s Monday Market Insights, we discuss the pause to Johnson & Johnson’s (J&J) vaccine, the recent uptick in inflation, and how bond positioning has become extreme. Our Charts of the Week illustrate the stark difference in the stimulus from recent and proposed legislation. Finally, we look at how the Hospitality sector is trending as U.S. vaccinations continue.
BRYN MAWR, Pa., April 12, 2021 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company, expects to report first quarter 2021 financial results before markets open on Thursday, April 22, 2021.
People are now looking for homeownership perks without making certain sacrifices, which has made the tiny house movement so big. This trend has people wondering if this lifestyle is right for them.
NFTs have been in the news lately as the “shiny new toy” bringing something altogether new to the collectible and digital asset markets. But what are NFTs?