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
®, WSFS Institutional Services
®, and WSFS Wealth
® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
About Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation (NASDAQ: BMTC), is the holding company for The Bryn Mawr Trust Company which was founded in 1889, and is headquartered in Bryn Mawr, PA. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $5.4 billion in corporate assets and $19 billion in wealth assets under management, administration, supervision, and brokerage (as of 12/31/20). The company operates 41 banking locations, 7 wealth management offices and 2 insurance and risk management locations in the following counties: Montg
®, WSFS Institutional Services
®, and WSFS Wealth
® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
About Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation (NASDAQ: BMTC), is the holding company for The Bryn Mawr Trust Company which was founded in 1889, and is headquartered in Bryn Mawr, PA. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $5.4 billion in corporate assets and $19 billion in wealth assets under management, administration, supervision, and brokerage (as of 12/31/20). The company operates 41 banking locations, 7 wealth management offices and 2 insurance and risk management locations in the following counties: Montg
A former Roman Catholic priest who served in Lancaster County three decades ago was sentenced to probation for sexually assaulting two altar boys in Dauphin County from 1997 and 2002.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Bryn Mawr Trust Provides $250,000 PA Tax Credit Contribution for The Riverfront Alliance of .
Bryn Mawr Bank CorporationJanuary 25, 2021 GMT
BRYN MAWR, Pa., Jan. 25, 2021 (GLOBE NEWSWIRE) Bryn Mawr Bank Corporation (NASDAQ: BMTC) and wholly-owned subsidiary Bryn Mawr Trust ( BMT ) today announced a $250,000 state tax credit exchange donation awarded to Pennsylvania-based nonprofit Riverfront Alliance of Delaware County ( RADC ). It is BMT’s largest individual contribution to a nonprofit organization, and will support the planning and streetscape phases of a larger revitalization project in the Chester, Pennsylvania waterfront area.