BRYN MAWR, Pa., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (”BMT”), has announced the appointment of Denise Rinear, as Chief Risk Officer and Executive Vice President of BMT’s Risk Management division, effective August 1, 2016. Ms. Rinear will be based at BMT’s headquarters in Bryn Mawr, Pennsylvania, and will report directly to our President and CEO, Frank Leto, as well as our Board of Directors.
“Denise is a proven leader with extensive experience in enterprise risk management and compliance,” said Frank Leto, “With over 30 years of years of experience, Denise will prove to be a great addition to the Bryn Mawr Trust team. We are delighted to welcome her.”
Ms. Rinear joins BMT with more than 30 years of experience in a variety of compliance, risk assessment, governance, and regulatory roles at banks and financial service businesses. Ms. Rinear joined BMT from The J.G. Wentworth Company, where she served as Chief Compliance Officer. Prior to that, she served as Managing Director of Mortgage Servicing at Ocwen Financial Corporation. Ms. Rinear also held the roles of Chief Operational Risk Officer and Strategic Planning Officer during her time at Ally Financial.
Ms. Rinear earned her BS in Urban Administration from University of Cincinnati and her MBA from Drexel University. She currently resides in Villanova, PA.
BMT, founded in 1889 and headquartered in Bryn Mawr, Pa., operates 25 full service retail bank locations in Montgomery, Chester, Delaware and Philadelphia Counties in Pennsylvania and New Castle County, Delaware. BMT also serves clients through its Wealth, Private Banking and Insurance divisions in addition to Mortgage and Commercial Lending Departments. Further information about products and services offered may be obtained at www.bmtc.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR
This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporation’s future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation’s underlying assumptions. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “potentially,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “forecast,” “project,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Corporation’s actual future results or performance may be materially different.
Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporation’s control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. Such factors include, among others, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on Management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.
For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, as well as any changes in risk factors that we may identify in our quarterly or other reports subsequently filed with the SEC.