Bryn Mawr Bank Corporation Announces Advisory Arrangement with Community Banks, Inc.Business Editors BRYN MAWR Bryn Mawr (brĭn mär), uninc. town (1990 est. pop. 10,000), Montgomery co., SE Pa., a residential suburb of Philadelphia. It is the seat of Bryn Mawr College (for women), opened in 1885 by the Society of Friends. , Pa.--(BUSINESS WIRE)--Nov. 3, 2003 Bryn Mawr Bank Corporation, (Nasdaq:BMTC BMTC Bremerton Metal Trades Council BMTC Bureau of Meteorology Training Centre BMTC Ballistic Missile Technical Collection BMTC Bangalore Metropolitian Transport Corporation BMTC Burning Man Travel Center ), parent of The Bryn Mawr Trust Company, ("BMT BMT bone marrow transplantation. BMT, n.pr See bone marrow transplant. BMT Bone marrow transplant, see there ") today announced that it intends to enter into an agreement with Community Banks, Inc., "Community," (Nasdaq:CMTY CMTY Community ), a Harrisburg-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, whereby Community will engage Bryn Mawr Trust to act in an advisory capacity providing investment management services and new business expertise for Community's Trust and Investment unit. The arrangement is subject to final documentation and applicable regulatory requirements. Eddie L. Dunklebarger, Chairman, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Community Banks, Inc, stated: "This arrangement enables Community Banks to benefit from the expertise of an organization that has a solid investment presence and a reputation for cultivating the high net worth market." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ted Peters, Chairman, President & CEO of Bryn Mawr Bank Corporation: "The arrangement offers Bryn Mawr Trust significant opportunities for its investment management services." Bryn Mawr Bank Corporation, including The Bryn Mawr Trust Company, which was founded in 1889, has $577 million in bank assets and manages $1.6 billion in trust & investment assets. Bryn Mawr Trust offers a full range of personal and business banking and wealth management services, including trust and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the , investment management, insurance, mortgages, and consumer and commercial loans. Community Banks, a subsidiary of Community Banks Inc. with over $1.8 billion in assets, operates an extensive number of community banking offices throughout central and northeastern Pennsylvania and northern Maryland. In addition to traditional banking services, Community offers trust and investment services, personal and commercial insurance, as well as residential mortgage and settlement services. This release contains certain forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words believe, expect, anticipate, intend, plan, estimate or words of similar meaning. Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors, many of which are beyond Bryn Mawr Trust's and Community's control could cause actual conditions, events or results to differ significantly from those described in the forward looking statements. Forward-looking statements speak only as of the date they are made. Bryn Mawr Trust and Community do not undertake to update forward-looking statements. |
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