×

Bryn Mawr Trust Appoints Michael LaPlante As Controller and Chief Accounting Officer

BRYN MAWR, Pa., July 12, 2017 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (”BMT”), has announced the appointment of Michael LaPlante as Controller and Chief Accounting Officer, effective July 10, 2017. Mr. LaPlante will report directly to Chief Financial Officer, Michael Harrington.

Bryn Mawr Trust Appoints Michael LaPlante as Controller and Chief Accounting Officer


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b830d1a9-ada2-418a-beb9-d98ffd3da203

"Michael brings deep accounting experience and expertise to his new position, making him an ideal individual to support BMT as Chief Accounting Officer,” said Mike Harrington, continuing, “BMT will greatly benefit from his understanding of the financial accounting dynamics required to support our continued expansion and growth. We welcome him to Bryn Mawr Trust.”

Mr. LaPlante has more than 20 years of progressive experience in SEC and regulatory reporting, controllership, and accounting operations. He joins BMT from The Bank of Princeton, where he served as Chief Accounting Officer and Senior Vice President. Prior to that, he was a Senior Manager in Deloitte’s National Financial Services Practice. Mr. LaPlante also previously served as Chief Accounting Officer and Corporate Controller at First National Bank of Chester County.

Mr. LaPlante earned his BA, Accounting from Fox School of Business and Management - Temple University, and holds a CPA Certification. He currently resides in Newtown, PA with his wife and two daughters.

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. McDonald Senior Vice President 610.581.4875 tmcdonald@bmtc.com

Source: BMT