Bryn Mawr Trust Strengthens Commercial Lending Group and Adds
BRYN MAWR, PA, October 1, 2020 (GLOBE NEWSWIRE) – Bryn Mawr Trust (BMT), 100% owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), today announced that Rachel Lindeman has joined the company as Senior Vice President and Director of Commercial Real Estate Relations and Construction Loans. Rachel reports directly to Drew Smith, Head of Commercial Real Estate Banking (CRE). She manages high-level CRE relationships and works with leading developers throughout the state of Delaware to support initiatives to expand the bank’s presence in the state.
It is the originator of commercial real estate loans featuring various exhibitions and types of products, such as apartments, retail, offices and housing estates. “Rachel is an excellent investor / developer relationship manager serving the capital needs of CRE clients,” said Richard Gentile, general manager of commercial real estate banking for BMT. “Our business is about relationships and market experience, and Rachel brings both to the table. She adds a strong depth of senior portfolio management to our team, extensive developer experience, and I know our clients will appreciate and benefit from working with her.
Rachel joins BMT after 13 years with M&T Bank in Wilmington, Delaware. Over the past seven years, she has managed a large CRE portfolio as Senior Commercial Real Estate Manager. His other past roles include CRE Portfolio Manager and Senior Credit Analyst.
Jim Egan, Head of Commercial Real Estate Banking, said, “Rachel will be instrumental in our continued initiative to grow our Delaware market, while providing high quality service to our existing customers.”
BMT Banking President Kevin Tylus said, “The timing to add Rachel to our commercial lending group is ideal as BMT continues to grow and support its clients in the face of the challenges of the pandemic.”
Rachel holds an MBA from West Chester University in Pennsylvania and a BA in Economics from St. Lawrence University in Canton, New York.
Rachel shares BMT’s commitment to community service as she is involved in many philanthropic efforts. She sits on the board of directors of the Delaware Adolescent Program, is a member of the board of directors and past president of the Delaware Real Estate Women group, and is a member of the Delaware chapter of the Urban Land Institute.
Mawr Bank Corporation (NASDAQ: BMTC), including its main subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889 and is headquartered in Bryn Mawr, Pennsylvania. the Commercial Bank; fiduciary administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $ 5.27 billion in corporate assets and $ 17.0 billion in estate assets under management, administration, supervision and brokerage (as of 6/30/20). Today, the company operates 42 banking establishments, seven (7) wealth management offices and two (2) insurance and risk management sites in the following counties: Montgomery, Chester, Delaware, Philadelphia and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and the counties of Mercer and Camden in New Jersey. For more information, visit bmt.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR
This communication contains statements which, to the extent that they are not recitations of historical fact, may constitute forward-looking statements for the purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These forward-looking statements may include financial and other projections as well as statements regarding future plans, objectives, performance, revenues, growth, earnings, operating expenses or underlying assumptions of the Company. The words “may”, “would”, “should”, “could”, “will”, “likely”, “maybe”, “expect”, “anticipate”, “intend”, ” indicate “,” estimate “,” Target “,” potentially “,” promising “,” probably “,” prospects “,” foresee “,” consider “,” continue “,” plan “,” strategy “,” foresee ” , “Project,” “annualized,” “are optimistic,” “look forward,” “are forward-looking” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that these statements are only predictions and that the actual future results or performance of the Company may be materially different.
These forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the control of the Company, 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 forecasts. statements, and as a result, our business, financial condition and results of operations could be materially and adversely affected. The COVID-19 pandemic (the “pandemic”) negatively affects us, our customers, counterparties, employees and third party service providers, as well as the ultimate magnitude of the impacts on our business, financial condition, results of operations, our liquidity, and the outlook is uncertain. Continued deterioration in general business and economic conditions, including further increases in unemployment rates or turmoil in domestic or global financial markets, could adversely affect our revenues and the value of our assets and liabilities, reducing the availability of funding, lead to a credit crunch, and further increase stock price volatility. In addition, changes in laws, regulations or regulatory policies or practices as a result of or in response to the pandemic could affect us in a material and unforeseeable manner. Other factors include, among others, our need for capital; our ability to control costs and operating expenses and to manage loan and lease default rates; the credit risks of lending activities and the overall quality of the composition of our loan, leasing 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, interest rates on deposits or net interest margin and sources of funding; changes in banking regulations and policies and the possibility that agency approvals that we may require for certain activities may not be obtained in a timely manner or at all or be conditioned in a manner that would adversely affect our ability to implement our business plans; changes in accounting policies and practices or accounting standards, including ASU 2016-13 (Topic 326), “Measuring credit losses on financial instruments”, commonly referred to as the current expected credit loss model, which has changed how we estimate credit losses and may result in further increases in the required level of our allowance for credit losses; unforeseen regulatory or legal proceedings, results of litigation or other contingencies; cybersecurity events; the inability of key third party vendors to meet their obligations to us; our ability to attract and retain key personnel; competition in our market; war or terrorist activities; material differences in actual financial results, cost savings and revenue increases associated with our acquisitions; uncertainty about the future of LIBOR; the impact of public health issues and pandemics, and their effects on the economic and business environment in which we operate, the effect of the pandemic, including on our credit quality and business operations, and its impact on the general conditions of the economic and financial markets; and other factors described in our securities filings with the United States Securities and Exchange Commission (“SEC”). All forward-looking statements and information set forth herein are based on the current beliefs and assumptions of the management of the Company as of the date hereof and speak only as of the date on which they are made. The company does not undertake to update any forward-looking statements.
For a full discussion of the assumptions, risks and uncertainties associated with our business, we encourage you to consult our documents filed with the SEC, including our most recent Annual Report on Form 10-K, updated by our quarterly reports. or others subsequently filed with the SEC, including our most recent Quarterly Report on Form 10-Q.
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