Stockholders Approve Merger of WSFS Financial and Bryn Mawr Trust
JUN 11, 2021 - 6:20 am
The respective shareholders of WSFS Financial and Bryn Mawr Trust approved the previously announced merger of Bryn Mawr Trust into WSFS Financial at special meetings of stockholders for each company.
“Stockholder approval from both companies is another milestone in our combination that will make WSFS one of the only banks headquartered in the region with local market knowledge, local decision-making, a balance sheet to compete with the larger banks and a full-service product suite, including a premier wealth business,” Rodger Levenson, chairman, president and CEO of WSFS Financial, said.
Subject to required regulatory approvals and the satisfaction of other conditions, WSFS Financial and Bryn Mawr Trust expect to close the merger in Q4/21. The projected system conversion and bank rebranding is scheduled to occur in January 2022.
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