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BRYN MAWR TRUST ACQUIRES LOAN PORTFOLIO

 BRYN MAWR, Pa., June 7 /PRNewswire/ -- The Bryn Mawr Trust Company, the subsidiary of Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that it had acquired the balance of a residential construction loan portfolio in which it had sold a participation to Home Unity Savings Bank, now managed by the Resolution Trust Corporation as Home Unity Federal Savings Bank.
 The remaining portfolio was acquired in its entirety for $3,532,048, a modest discount from its par value. Robert J. Ricciardi, senior vice president, said, "We've acquired these assets from the RTC in order to simplify the ongoing administration and property management of these loans. The acquisition was accompanied by full releases by the Bank and the RTC with regard to the loan portfolio."
 The $3,532,048 acquisition contains $1,787,400 in performing loans, $309,046 in non-performing loans, and $1,435,602 in other real estate owned. The other real estate owned will be booked at its estimated realizable value.
 Robert L. Stevens, president, said, "Consolidating the administration and property management of these loans will enable us to properly service this portfolio, which at its high point approximated $30 million in loans outstanding. We believe that we will realize the funds we've advanced to repurchase the remainder of this portfolio from the repayments of the loans and liquidation of the collateral which secure the loans."
 /delval/
 -0- 6/7/93
 /CONTACT: Robert L. Stevens, president, 215-526-2300, or evening, 215-296-5539, or Robert J. Ricciardi, senior vice president, 215-526-2365, or evening, 215-827-0905, both of Bryn Mawr Trust Company/


CO: The Bryn Mawr Trust Company; Home Unity Savings Bank ST: Pennsylvania IN: FIN SU: TNM

MJ-LJ -- PH037 -- 6192 06/07/93 16:23 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
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