About Bryn Mawr Bank

Bryn Mawr Bank Corporation operates as the bank holding company for The Bryn Mawr Trust Company that provides various banking products and services. The company offers a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation from 43 banking locations, seven wealth management offices and two insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden counties in New Jersey. The company’s strategy includes investing in people and technology to support its growth, leveraging the strength of its brand, targeting high-potential markets for expansion, basing its sales strategy on relationships, and concentrating on core product solutions. The company engages in commercial and retail banking business, providing basic banking services, including the acceptance of demand, time and savings deposits; and the origination of commercial, real estate and consumer loans and other extensions of credit, including leases. The company also provides a range of wealth management services, including trust administration and other related fiduciary services, custody services, investment management and advisory services, employee benefit account and IRA administration, estate settlement, tax services, financial planning and brokerage services. Subsidiaries Lau Associates LLC Lau Associates LLC, a Securities and Exchange Commission (SEC) registered investment advisor, is an independent, family wealth office serving high net worth individuals and families, with special expertise in planning intergenerational inherited wealth. Lau Associates LLC is headquartered in Greenville, Delaware, and is a wholly-owned subsidiary of the company. Effective January 1, 2020, the business of Lau Associates LLC was transitioned into the Wealth Management division of the bank. The Bryn Mawr Trust Company of Delaware (BMTC-DE) BMTC-DE is a limited-purpose trust company located in Greenville, Delaware and has the ability to be named and serve as a corporate fiduciary under Delaware law. BMTC-DE is a wholly-owned subsidiary of the company. BMT Investment Advisers (BMTIA) BMTIA, a Delaware statutory trust and wholly-owned subsidiary of the company, is a SEC-registered investment adviser, which serves as investment adviser to BMT Investment Funds, a Delaware statutory trust. There is an investment advisory agreement between BMTIA and BMT Investment Funds, on behalf of the BMT Multi-Cap Fund. The BMT Multi-Cap Fund is a mutual fund focused on equity investments. Active Subsidiaries of the bank KCMI Capital, Inc. (KCMI) KCMI specializes in providing non-traditional commercial mortgage loans to small businesses throughout the United States. BMT Insurance Advisors, Inc. (BMT Insurance Advisors) BMT Insurance Advisors is a full-service insurance agency, through which the bank offers insurance and related products and services to its customer base. This includes casualty, property and allied insurance lines, as well as life insurance, annuities, medical insurance and accident and health insurance for groups and individuals. Bryn Mawr Equipment Finance, Inc. (BMEF) BMEF is a Delaware corporation registered to do business in Pennsylvania. BMEF is a small-ticket equipment financing company servicing customers nationwide from its Montgomery County, Pennsylvania location. Deposits As of December 31, 2019, the company’s deposits included interest-bearing demand deposits, money market accounts, savings deposits, retail time deposits, wholesale non-maturity deposits, wholesale time deposits, and noninterest-bearing deposits. Investment Portfolio As of December 31, 2019, the company’s investment portfolio included U.S. treasury securities; obligations of the U.S. government and agencies; obligations of state and political subdivisions; mortgage-backed securities; collateralized mortgage obligations; and other investment securities. Supervision and Regulation The company, as a bank holding company, is regulated under the Bank Holding Company Act of 1956, as amended (the Act). The company and its non-bank subsidiaries are subject to the supervision of the Federal Reserve Board and the company is required to file, with the Federal Reserve Board, an annual report and such additional information as the Federal Reserve Board might require pursuant to the Act and the regulations, which implement the Act. The Federal Reserve Board also conducts inspections of the company and each of its non-banking subsidiaries. The bank is regulated and supervised by the Pennsylvania Department of Banking and Securities (the Department of Banking) and subject to regulation by the Federal Reserve Board and the Federal Deposit Insurance Corporation. The Department of Banking and the Federal Reserve Board regularly examine the bank’s reserves, loans, investments, management practices and other aspects of its operations and the bank must furnish periodic reports to these agencies. The bank is a member of the Federal Reserve System. The deposits of the bank are insured by the Federal Deposit Insurance Corporation up to the limits set forth under applicable law and are subject to deposit insurance premium assessments. The USA PATRIOT Act and the regulations, which implement it contain various obligations, which must be satisfied by financial institutions, including the bank. Those regulations impose obligations on financial institutions, such as the bank, to maintain appropriate policies, procedures and controls to detect, prevent and report money laundering and terrorist financing and to verify the identity of their customers. The Sarbanes-Oxley Act of 2002 addresses, among other matters, increased disclosures; audit committees; certification of financial statements by the principal executive officer and the principal financial officer; evaluation by management of the company’s disclosure controls and procedures and the company’s internal control over financial reporting; auditor reports on the company’s internal control over financial reporting; forfeiture of bonuses and profits made by directors and senior officers in the twelve month period covered by restated financial statements; a prohibition on insider trading during the company’s stock blackout periods; disclosure of off-balance sheet transactions; a prohibition applicable to companies, other than federally insured financial institutions, on personal loans to their directors and officers; expedited filing of reports concerning stock transactions by a company’s directors and executive officers; the formation of a public accounting oversight board; auditor independence; and increased criminal penalties for violation of certain securities laws. History Bryn Mawr Bank Corporation was founded in 1889.