Bryn Mawr, Pa., November 14, 2018 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (“BMT””), has announced that it will leverage its existing capital markets expertise to offer correspondent banking services to provide advisory and transaction management services to community and regional banks.
“We believe that community and regional banks play a critical role in the banking industry and economic growth,” said Frank Leto, BMBC President and Chief Executive Officer. “BMT is well positioned to deliver risk management and credit capabilities that will help other local institutions deliver capital markets solutions for their customers.”
The Correspondent Banking team will be led by Sam Weller, Senior Vice President and Director of Correspondent Banking. Mr. Weller reports to the Managing Director of Capital Markets, Neil Orechiwsky, and maintains an office in Devon, Pennsylvania.
“Sam brings a deep understanding of how local banks can effectively use capital markets capabilities to manage risk and drive growth,” said Mr. Orechiwsky. “Sam’s expertise in this space makes him uniquely qualified to lead this effort.”
Mr. Weller joins BMT Capital Markets after six years at PNC Capital Markets in Pittsburgh, Pennsylvania. Prior to working at PNC, Mr. Weller served as Director of Interest Rate Risk Management in Key Bank’s capital markets group, where he provided derivative hedging services to community and regional banks across the United States. He began his career at Chatham Financial Corporation working as a risk management consultant specializing in the financial services industry.
Before entering the private sector, Mr. Weller spent five years as an active duty officer in the U.S. Army. He is a graduate of the U.S. Military Academy at West Point and holds a Master of Business Administration degree from the University of Texas at Austin.