Bryn Mawr Bank Corporation Completes Merger with Royal Bancshares of Pennsylvania, Inc.
Bryn Mawr Bank Corporation (BMTC)
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Source: GlobeNewswire
BRYN MAWR, Pa., Dec. 15, 2017 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation” or “BMBC”), parent of The Bryn Mawr Trust Company (the “Bank”), today announced it completed its previously announced merger with Royal Bancshares of Pennsylvania, Inc. (“RBPI”) (the “Merger”), the parent company of Royal Bank America (“RBA”), headquartered in Bala Cynwyd, Pennsylvania. Frank Leto, President and Chief Executive Officer, stated, “This is an important milestone for our company and we are pleased to welcome Royal Bank’s customers and staff to the Bryn Mawr Trust family. Once the systems conversion is completed in February 2018, our combined institutions will operate under a common brand and all of our clients will enjoy access to 37 full-service branches located throughout the tri-state area.” Mr. Leto continued, “The Merger provides a great opportunity to leverage the strengths of our combined organizations and make available to the Royal Bank customer base a
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