BRYN MAWR, Pa., May 01, 2018 (GLOBE NEWSWIRE) -- Bryn Mawr Trust (BMT), a subsidiary of Bryn Mawr Bank Corporation (NASDAQ:BMTC), and the parent company to BMT Insurance Advisors, Inc. announced today the acquisition of Domenick & Associates, a full-service insurance agency established in 1993 and headquartered in the Old City section of Philadelphia.
“We are pleased to have completed the acquisition of Domenick & Associates which furthers our strategy to expand our fee-based businesses,” said BMT CEO Frank Leto. “It is rewarding to have found a group that complements our existing areas of expertise. Jim Domenick and his team have a specialty niche with nonprofit and social service organizations which aligns well with our Banking and Wealth Management solutions in these specialty service areas. The Domenick & Associates Old City location, along with our Chestnut Hill specialty office and our five additional branch locations in Philadelphia, further expands our presence in the City of Philadelphia. We are excited to have them on our team and look forward to a rewarding future.”
Jim Domenick, President of Domenick & Associates, said that “Joining Bryn Mawr Trust and BMT Insurance Advisors is a great opportunity for our organization and, most importantly, our clients. We are focused on client solutions. As part of BMT, we will be able to provide more value and deliver meaningful solutions.”
To learn more about BMT, please visit www.bmtc.com.
About Bryn Mawr Trust
Bryn Mawr Bank Corporation (NASDAQ:BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (founded in 1889; headquartered in Bryn Mawr, Pa.), is a locally managed financial services company providing retail and commercial banking, trust administration and wealth management, and insurance solutions. Bryn Mawr Bank Corporation has $4.3 billion in corporate assets and $13.2 billion in wealth assets under management, administration, supervision, and brokerage (as of 3/31/18). Today, BMT operates 44 banking locations in Montgomery, Chester, Delaware, Philadelphia and Dauphin Counties in Pennsylvania, New Castle County in Delaware, and Camden County in New Jersey. For more information, visit bmtc.com.
