Bryn Mawr Bank Corp. authorizes stock repurchase program.

BRYN MAWR, Pa.--(BUSINESS WIRE)--March 21, 1997--The board of directors of Bryn Mawr Bank Corp. (Nasdaq: BMTC) has authorized the repurchase of up to $4 million in aggregate purchase price of the corporation's common stock, but not more than five percent of the corporation's outstanding common stock, during the period from March 24, 1997, until March 31, 1998.

When and if the stock repurchase program is initiated, it can be discontinued at anytime.

Robert L. Stevens, the corporation's president and chief executive officer said that the corporation's board of directors approved the stock repurchase program, because it would benefit the corporation and its shareholders and would be an appropriate use of the corporation's capital funds by reducing the dilution caused by the corporation's implementation of the corporation's Officers Stock Option and Stock Appreciation Rights Plan and the Non-Employee Directors Stock Option Plan, and potentially increasing the earnings per share on the corporation's common stock.

Stevens said that cash would be used to fund the stock repurchase program, and that stock purchases would be made from time to time in the open market and in privately negotiated transactions.

The shares purchased pursuant to the board's authorization would be used for general corporate purposes, including the Officers Stock Option and Stock Appreciation Rights Plan and the Non-Employee Directors Stock Option Plan.

Currently, the corporation has 2,205,665 shares of common stock outstanding.

The corporation has assets of $346 million, as of Dec. 31, 1996, is headquartered in Bryn Mawr, Pa., and is the parent corporation of The Bryn Mawr Trust Company.

CONTACT: Bryn Mawr Bank Corp., Bryn Mawr

Robert L. Stevens, chairman, 610/526-2300, or

610/296-5539 (evening)

or

Joseph W. Rebl, treasurer, 610/526-2466, or

610/828-7798 (evening)