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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
Date of Report (date of earliest
event reported): May 26, 1999
Bryn Mawr Bank Corporation
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(Exact Name of Registrant as specified in its charter)
Pennsylvania 0-15261 23-2434506
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
801 Lancaster Avenue, Bryn Mawr, PA 19010
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Registrant's telephone number, including area code: 610-525-23000
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None
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(Former name or former address, if changed since last report)
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Item 5. Other Matters
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On May 26, 1999, the Registrant issued a press release announcing the
resignation of Richard I. Sichel as an Executive Vice President and Chief
Investment Officer, that Joseph H. Bachtiger, Executive Vice President is now in
charge of fiduciary activities and Joseph W. Roskos has been appointed Executive
Vice President and made the administrative head of the Registrant's Trust and
Investment Management functions.
The foregoing is a summary of the press release which is attached as
Exhibit A to this report and is incorporated herein by reference. The foregoing
description does not purport to be complete and is qualified in its entirety by
reference to Exhibit A.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
BRYN MAWR BANK CORPORATION
By: /s/ Robert L. Stevens
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Robert L. Stevens
Chairman and Chief Executive Officer
Date: May 28, 1999
Page 2 of 2
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[Logo of Bryn Mawr Bank Appears Here]
Bryn Mawr Bank Corporation
801 Lancaster Avenue
Bryn Mawr, Pennsylvania 19010-3396
(610) 526-2300
FOR RELEASE: IMMEDIATELY
FOR MORE INFORMATION CONTACT: Robert L. Stevens, Chairman
610-526-2300 or
610-296-5539 (evening);
Bryn Mawr Trust Executive Vice President Resigns
BRYN MAWR, PA. May 26, 1999--Robert L. Stevens, Chairman, Bryn Mawr Bank
Corporation (NASDAQ:BMTC), announced today that Richard I. Sichel, Executive
Vice President and Chief Investment Officer of The Bryn Mawr Trust Company, has
resigned from the Bank for personal reasons.
Stevens said, "Bryn Mawr Trust helps build, manage and preserve our clients'
wealth. Our investment management process is well established. This quantitative
investment system was in use prior to Rich's joining our investment management
team in September of 1992. It has served us well--our performance has been
excellent-- and we will continue with this established stock selection process.
We weigh strong growth characteristics, attractive valuation, earnings,
dividends and market price, to identify stocks. Bonds are selected based upon
quality and maximum return. Portfolios are managed to meet each client's needs
and goals." Sichel's client accounts will be assigned to other investment
management team members.
It was also announced that Joseph H. Bachtiger, Executive Vice President of the
Bank, is now in charge of fiduciary activities--trust and employee benefit
administration, custody service, and trusts tax services. According to Stevens,
"Joe joined the Bank in 1969 and is the 'dean' of trust administration in our
market place." Bachtiger is past president of the National Association of Estate
Planners and Councils (NABPC).
Stevens continued, "Joseph W. Roskos, Executive Vice President of the Bank, and
President of Joseph W. Roskos & Co., a subsidiary of Bryn Mawr Bank Corporation,
will serve as administrative head of the Corporation's Trust and Investment
Management functions. Roskos, a CPA, is President of Joseph W. Roskos & Co.
Prior to that, he worked for Coopers & Lybrand. He received a BS in accounting
from Syracuse University, a JD from Temple University Law School, and a Master
of Laws in Taxation from Villanova Law School. His firm and its predecessors,
which joined Bryn Mawr Bank Corporation this year, has served the family office
accounting needs of high-net-worth clients for more than eighty years.
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