Showing 1-10 of about 37 articles.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Reports First Quarter Earnings of $5.3 Million, Declares $0.17 Dividend
BRYN MAWR, Pa., April 25, 2013 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today reported net income of $5.3 million and diluted earnings per share of $0.40 for the three months ended March 31, 2013, as compared to net income of $5.1 million and diluted earnings per share of $0.39 for the same period in 2012. Net income for the three months ended March 31, 2013 included pre-tax due diligence and merger-related expenses of $714 thousand as compared to $209 thousand for the same period in 2012.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation to Acquire MidCoast Community Bancorp, Inc.
BRYN MAWR, Pa., March 28, 2013 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC) (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that the Corporation has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") to acquire MidCoast Community Bancorp, Inc. ("MidCoast") and its wholly owned subsidiary MidCoast Community Bank, for approximately $33 million. MidCoast Community Bancorp, Inc. is headquartered in Wilmington, Delaware. The acquisition builds upon the Corporation's existing footprint in Delaware by adding four branches, approximately $235 million in loans and approximately $250 million in deposits.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Reports Record Earnings for 2012, Boosts Wealth Assets by 38.4% to $6.4 Billion
BRYN MAWR, Pa., Jan. 24, 2013 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today reported net income of $5.3 million and diluted earnings per share of $0.40 for the three months ended December 31, 2012, as compared to net income of $5.0 million and diluted earnings per share of $0.38 for the same period in 2011. Net income for the twelve months ended December 31, 2012 was $21.1 million, or $1.60 per diluted share, as compared to net income of $19.6 million, or $1.54 per diluted share for the same period in 2011.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Adopts Shareholder Rights Plan
BRYN MAWR, Pa.,, Nov. 21, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC) (the "Company") announced today that its Board of Directors had unanimously adopted a Shareholder Rights Agreement (the "Rights Agreement") in which one common stock purchase right will be distributed as a dividend on each outstanding share of the Company's Common Stock (the "Rights") to shareholders of record as of the close of business on December 1, 2012.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Reports Strong Third Quarter 2012 Earnings, Led by Robust Wealth Management Revenues and Residential Mortgage Gains
BRYN MAWR, Pa., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced net income for the three months ended September 30, 2012 of $5.4 million, an increase of $195 thousand, or 3.7%, as compared to net income of $5.2 million for the same period in 2011. Diluted earnings per share of $0.41 for the three months ended September 30, 2012 remained unchanged from the same period in 2011. Included in the net income for the quarter were due diligence and merger-related expenses of $316 thousand and $188 thousand in prepayment penalties related to the early extinguishment of $9.4 million of debt. Contributing significantly to the Corporation's solid performance for the quarter was a $1.9 million increase in revenue for Wealth Management services along with a $1.1 million increase in gain on sale of mortgage loans for the three months ended September 30, 2012, as compared to the same period in 2011.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Reports Second Quarter Net Income Increase of 9.5% Despite $914 Thousand in Merger Costs, Completes Davidson Trust Acquisition
BRYN MAWR, Pa., July 26, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced net income for the three months ended June 30, 2012 of $5.3 million, an increase of $456 thousand, or 9.5%, from net income of $4.8 million for the same period in 2011. Diluted earnings per share of $0.40 for the three months ended June 30, 2012 was an increase of $0.02 per share as compared to diluted earnings per share of $0.38 for the same period in 2011. Included in the net income for the three months ended June 30, 2012 are tax-effected due diligence and merger-related expenses of $599 thousand, as compared to tax-effected due diligence and merger-related expenses of $117 thousand for the same period in 2011, an increase of $482 thousand.
Bryn Mawr Bank Corporation
Bryn Mawr Bank Corporation Board Awards Shares of Restricted Stock to Former Key Employees of Davidson Trust Company
BRYN MAWR, Pa., May 18, 2012 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that it has awarded 4,908 shares of its Common stock to Ernest Cecilia and 4,908 shares each to five (5) other individuals (each a "Grantee") in connection with their employment by the Bank commencing on May 15, 2012 and as an inducement to their acceptance of such employment. Each of the Grantees had been a key employee of Davidson Trust Company ("DTC") immediately prior to its acquisition by the Corporation and DTC's merger into the Bank.
Showing 1-10 of about 37 articles.