Bryn Mawr (BMTC) to Acquire Davidson Trust Co.
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Bryn Mawr Bank Corporation (Nasdaq: BMTC), has entered into a definitive agreement to acquire Davidson Trust Company from Boston Private Financial Holdings, Inc. and members of the Company's management group.
The acquisition is expected to increase the assets under management of the Bank's Wealth Management Division by approximately $1.0 billion. Ted Peters, Chairman and CEO of the Bank, commented, "We are excited that Davidson Trust Company has decided to join the Bryn Mawr Trust family of wealth management companies.
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The acquisition is expected to increase the assets under management of the Bank's Wealth Management Division by approximately $1.0 billion. Ted Peters, Chairman and CEO of the Bank, commented, "We are excited that Davidson Trust Company has decided to join the Bryn Mawr Trust family of wealth management companies.
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