SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Bryn Mawr Bank Corporation Merger
March 10, 2021 19:00 ET | Source: Rigrodsky Law, P.A Rigrodsky Law, P.A Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., March 10, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Bryn Mawr Bank Corporation (“Bryn Mawr”) (NASDAQ GS: BMTC) regarding possible breaches of fiduciary duties and other violations of law related to Bryn Mawr’s agreement to be acquired by WSFS Financial Corporation (“WSFS”) (NASDAQ GS: WSFS). Under the terms of the agreement, Bryn Mawr’s shareholders will receive 0.90 shares of WSFS per share.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-bryn-mawr-bank-corporation.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Photo Release WSFS Financial Corporation to Combine with Bryn Mawr Bank .
WSFS Financial CorporationMarch 10, 2021 GMT
WILMINGTON, Del. and BRYN MAWR, Pa., March 10, 2021 (GLOBE NEWSWIRE) 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. The combination of two of the high performing, locally-based financial services companies in the Greater Philadelphia and Delaware region solidifies WSFS’ position as the preeminent, locally-headquartered
/PRNewswire/ WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bryn Mawr Bank.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
KBRA Affirms Ratings for WSFS Financial Corporation Following its Announcement to Combine with .
WSFS Financial CorporationMarch 11, 2021 GMT
WILMINGTON, Del., March 11, 2021 (GLOBE NEWSWIRE) Kroll Bond Rating Agency (KBRA) affirmed the ratings of WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) following the March 10, 2021 announcement to combine with Bryn Mawr Bank Corporation (NASDAQ: BMTC) (“Bryn Mawr”). Upon the close of the transaction, Bryn Mawr Trust, the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. With a “Stable Outlook” for WSFS, KBRA said it considers the transaction to be “strategically sound given that it represents a scale play for both companies, particularly in light of the recent focus on technology investment and integration. The combined organization will have the largest deposit market share wit
/PRNewswire/ Rowley Law PLLC is investigating potential securities law violations by Bryn Mawr Bank Corporation (NASDAQ: BMTC) and its board of directors.