BRYN MAWR, Pa., June 15, 2017 (GLOBE NEWSWIRE) — Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (”BMT”), has announced the appointment of Patrick Killeen, as Chief Risk Officer and Senior Vice President of BMT’s Risk Management Division, effective June 5, 2017. Mr. Killeen will report directly to President and CEO, Frank Leto, as well as our Board of Directors.
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“Patrick’s broad experience makes him the perfect candidate to lead our Risk team and we welcome him to Bryn Mawr Trust,” said Frank Leto, continuing, “BMT will greatly benefit from the depth of Patrick’s cross-function risk management expertise which spans a wide array of risk and compliance disciplines including: Operations Risk and Compliance, Bank Secrecy Act, Anti-Money Laundering, Information Security, Insurance Risk Management, Business Continuity, Vendor Management, Loss Prevention, Loan Review and Physical Security.”
Mr. Killeen has more than 24 years of experience in a variety of compliance, risk assessment, governance, and regulatory roles at banks and financial services businesses. He joins BMT from Bank of the Ozarks, where he served as Director of Enterprise Risk Management. Prior to that, he was at Susquehanna Bancshares, Inc in the role of Head of ERM Operations; Director of Corporate Stress Testing, Analytics, & Policy Management; ERM Analytics Manager. Mr. Killeen also previously served as Audit Director; Director of Risk Management at First Niagara Bank, N.A.
Mr. Killeen earned his BS from Drexel University, and holds the following professional designations: Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified in Risk Management Assurance, Certified in Control Self-Assessment (CCSA), and Certified Financial Services Auditor (CFSA). He currently resides in Lebanon, PA., and expects to relocate to Phoenixville, PA soon.
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 $3.29 billion in corporate assets and $11.73 billion in wealth assets under management, administration, supervision, and brokerage (as of 3/31/2017). BMT operates 25 full service retail bank locations in Montgomery, Chester, Delaware and Philadelphia Counties in Pennsylvania and New Castle County in Delaware. For more information, visit www.bmtc.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR
This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporation’s future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation’s underlying assumptions. The words “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,” “potentially,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “forecast,” “project,” “are optimistic,” “are looking,” “are looking forward” and “believe” or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Corporation’s actual future results or performance may be materially different.
Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporation’s control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. Such factors include, among others, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; our ability to complete anticipated acquisitions and any material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on Management’s current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.
For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, as well as any changes in risk factors that we may identify in our quarterly or other reports subsequently filed with the SEC.
Contact:Tina S. McDonaldSenior Vice President610.firstname.lastname@example.org