Bryn Mawr Trust Continues Its Affordable Home Funding Program for Low- and Moderate-Income Borrowers with a New Pledge of $25 Million
Bryn Mawr Bank Corporation (BMTC)
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Source: GlobeNewswire
BRYN MAWR, Pa., Feb. 06, 2019 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (“BMT”), announced today a new $25 million pledge to fund loans to low- and moderate-income households in 2019. This commitment is the third annual pledge made by BMT, increasing year-over-year, due to the demand and great success of the program. The program pledge began in 2016 with a $10 million commitment and increased in 2017 extending the pledge to $15 million. BMT is pleased to share our extraordinary 2018 results of $24 million far exceeding our pledge of $15 million. These results and the desire to expand this program have compelled us to our new higher $25 million pledge for 2019. “Homeownership is the American dream. Achieving this and the ability to build equity by improving one’s home should be affordable and accessible. We remain committed to providing education and information to help low- and moderate-income prospectiv
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