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Regulators and Congress can take several key steps to ease community banks' burden, from implementing tiered regulation to requiring less frequent call reports. And they should also remember that banks are innocent until proven guilty.
July 20 -
Bryn Mawr Bank in Bryn Mawr, Pa., has bought Robert J. McAllister Agency. The $2.2 billion-asset company did not say what it paid for the Philadelphia-area insurance and risk management agency.
April 6 -
Bryn Mawr Bank in Pennsylvania has filed documents to raise up to $200 million.
March 17
Bryn Mawr Bank in Pennsylvania said its chief financial officer resigned and it appointed two interim executives to fill his roles.
Duncan Smith, 56, resigned on Friday at the $2.9 billion-asset company. Bryn Mawr said Smith's decision was not due to a dispute or disagreement about accounting principles or other policies related to his work. Smith, who also held the title of treasurer, had been Bryn Mawr's CFO since 2005.
David Takats, senior vice president, was named interim CFO. Takats has been with Bryn Mawr since 2010, when it acquired his previous employer, First Keystone Financial in Media, Pa., where he was CFO.
Marie Connolly was named interim chief accounting officer. She's been with Bryn Mawr since 2000, most recently as a senior vice president in the bank's finance department.
Bryn Mawr has started a search process to hire Smith's full-time successor.
