Bryn Mawr Bank Corporation to Acquire First Keystone Financial, Inc.

BRYN MAWR, Pa., Nov. 3, 2009 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC - News) (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that it had signed a definitive Agreement and Plan of Merger ("Merger Agreement") to acquire First Keystone Financial, Inc. (Nasdaq:FKFS - News) a financial services company headquartered in Media, PA, which is the parent holding company for First Keystone Bank, a federally-chartered savings bank headquartered in Media. The acquisition will increase the Corporation's total assets by more than $500 million and add 8 full-service branches. Pursuant to the terms of the Merger Agreement, First Keystone Financial, Inc. will be merged with and into the Corporation, with the Corporation surviving the merger (the "Merger"). Substantially concurrently with the Merger, First Keystone Bank, in a two-step transaction, will merge with and into the Bank, with the Bank being the surviving bank. Ted Peters, Chairman and Chief Executive Officer, stated, "First Keystone is a great bank for us to partner with and provides substantial benefit for all of our constituents. We will have access to attractive new markets and clients, wh...
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Bryn Mawr Bank upgraded by Boenning & Scattergood

Quotes for BMTC - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} ...
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BRYN MAWR BANK CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for BRYN MAWR BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for BRYN MAWR BANK CORP 29-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inf...
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BRYN MAWR BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib

Show all filings for BRYN MAWR BANK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for BRYN MAWR BANK CORP 28-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...
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BRYN MAWR BANK CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (e) Compensatory Arrangements On November 2, 2009, The Bryn Mawr Trust Company (the "Bank"), a wholly owned subsidiary of Bryn Mawr Bank Corporation (the "Corporation"), entered into each of an Agreement setting forth certain restrictive covenants ("Restrictive Covenant Agreement") and a Change-of-Control Severance Agreement (the "Severance Agreement") with Francis J. Leto. Mr. Leto is the Executive Vice President of the Bank's Wealth Management Division and a member of the board of directors of both the Corporation and the Bank. Restrictive Covenant Agreement Pursuant to his employment arrangement with the Bank, Mr. Leto is an at will employee. The Restrictive Covenant Agreement is intended to set forth certain covenants for non-solicitation and non-disclosure in exchange for severance payments in the event of Mr. Leto's voluntary resignation or termination without "cause," as defined therein. Pursuant to and as more fully described in the Restrictive Covenant Agreement, in the event the Bank terminates Mr. Leto without "cause," Mr. Leto would be entitled to receive, as of the effective date of his termination, severance equal to one year's salary plus a bonus equal to the average of the bonuses paid to Mr. Leto for the two years prior thereto (collectively, the "Severance Amount"). Additionally, in the event Mr. Leto resigns his employment upon thirty (30) days notice, the Bank may elect to pay the Severance Amount in order to bind Mr. Leto to the Covenants (as defined below and more fully described in the Restrictive Covenant Agreement) for a period of twelve (12) months from the date of termination of his employment (the "Restricted Period"). While employed by the Bank and during the Restricted Period, the Restrict...
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BRYN MAWR BANK CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financi

Item 1.01 Entry into a Material Definitive Agreement On November 3, 2009, Bryn Mawr Bank Corporation ("BMBC"), the parent company of The Bryn Mawr Trust Company ("BMT"), and First Keystone Financial, Inc. ("FKF"), the parent company of First Keystone Bank ("FKB"), entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which FKF will merge with and into BMBC (the "Merger"). Concurrent with the Merger, it is expected that FKB will merge with and into BMT in a two-step merger pursuant to which FKB will merge with and into a newly formed wholly-owned subsidiary of BMT which will then merge with and into BMT (collectively, the "Bank Merger"). Under the terms of the Merger Agreement, which is included as Exhibit 2.1 hereto and incorporated herein by reference, shareholders of FKF will receive 0.6973 shares (the "Exchange Ratio") of BMBC stock for each share of common stock they own plus $2.06 per share cash consideration ("Per Share Cash Consideration"), each subject to adjustment as described below. The Merger Agreement also provides that all options to purchase FKF stock which are outstanding and unexercised immediately prior to the closing ("Continuing Options") under FKF's Amended and Restated 1995 Stock Option Plan and Amended and Restated 1998 Stock Option Plan, in each case as amended, shall, subject to certain conditions and regulatory approvals, become fully vested and exercisable and be converted into fully vested and exercisable options to purchase shares of BMBC stock. The number of shares of BMBC stock to be subject to the Continuing Options shall be equal to 0.8204 ("Option Exchange Ratio") multiplied by the number of shares of FKF stock subject to the Continuing Options, subject to rounding. The exercise price per share of BMBC stock under the Continuing Options will be equal to the exercise price per share of FKF stock under the Continuing Opti...
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BRYN MAWR BANK CORP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue20,829  22,023  21,778  20,103  Cost of Revenue2,288  2,729  3,183  3,726  Gross Profit -  19,294  18,595  16,377  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative10,388  12,158  10,992  10,762  Non Recurring38  (204)204   -  Others2,568  2,019  1,863  2,582  Total Operating Expenses -   -   -   -  Operating Income or Loss -  5,321  5,536  3,033  Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes5,547  5,321  5,536  3,033  Interest Expense1,568  1,581  1,484  1,581  Income Before Tax3,979  3,740  4,052  1,452  Income Tax Expense1,360  1,291  1,420  445  Minority Interest -   -   -   -  Net Income From Continuing Ops2,619  2,449  2,632  1,007  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   ...
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