Announced
Completed
Financials
Tags
Banks
Acquisition
Majority
United States
Domestic
Single Bidder
Merger
bank holding company
Public
Friendly
Completed
Synopsis
WSFS Financial, a financial services company, completed its merger with Bryn Mawr Bank, a bank holding company, in a $976m deal. “This combination aligns with our strategic plan. Combining with Bryn Mawr allows us to accelerate our long-term strategic objectives, including scale to continue to invest in our delivery and talent transformations. This combination also creates the premier wealth management and trust business in the region and the sixth largest bank-affiliated wealth management and trust business nationwide under $100bn in assets. Together, we are poised and positioned to continue to serve and outperform for all our constituents, and to deliver sustainable high performance for years to come,” Rodger Levenson, WSFS’ Chairman, President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.