Bryn Mawr Trust Continues with a New Pledge of $15 Million Making Home Ownership More Affordable for Low and Moderate-Income Borrowers
Bryn Mawr Bank Corporation (BMTC)
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Source: GlobeNewswire
BRYN MAWR, Pa., Dec. 14, 2017 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (“BMT”), announced today a new $15 million commitment to fund loans to low and moderate-income households in 2018. This commitment is the second made by BMT. In mid-2016, BMT committed $10 million to make homeownership more affordable for low and moderate-income borrowers through BMT’s Neighborhood Opportunity Program. BMT’s Neighborhood Opportunity Program provides loans to individuals purchasing and improving homes in low and moderate-income areas. In 17 months, BMT funded over $14.5 million in home loans, and looks to continue the Program’s strong performance in 2018 with the additional $15 Million commitment. The Neighborhood Opportunity Program provides primary home loans to individuals with low and moderate-income, or to individuals looking to purchase or repair a primary residence located in a low and moderate-income census
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