Bryn Mawr Bank Corporation (NASDAQ:BMTC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 10, 2017, The Bryn Mawr Trust Company (the “Bank”), wholly-owned subsidiary of Bryn Mawr Bank Corporation (the “Corporation” and together with the Bank, “Bryn Mawr Trust”) appointed Michael LaPlante as Senior Vice President, Controller, and Chief Accounting Officer. Mr. LaPlante will also be the Chief Accounting Officer (and principal accounting officer) of the Corporation.
Mr. LaPlante, 45, joins Bryn Mawr Trust from The Bank of Princeton, a mid-Atlantic bank, where he served as Senior Vice President and Chief Accounting Officer beginning in 2015. Prior to The Bank of Princeton, Mr. LaPlante was at Deloitte LLP, where he served as a Senior Manager in the Firm’s National Financial Institutions Advisory Practice from 2013 through 2015. Mr. LaPlante additionally served as Senior Vice President, Chief Accounting Officer and Corporate Controller for the First National Bank of Chester County from 2009 through 2012. Mr. LaPlante holds a bachelor of arts degree in accounting from Fox School of Business and Management – Temple University, and is a certified public accountant.
There are no arrangements or understandings between Mr. LaPlante and any other persons, to which he was appointed as an officer of Bryn Mawr Trust, no family relationships among any of the directors or executive officers of Bryn Mawr Trust, and Mr. LaPlante has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
Mr. LaPlante will receive an annual base salary, and be eligible to participate in bonus, equity opportunities and other benefit and compensation plans, at levels consistent with his position and scope of responsibility.
About Bryn Mawr Bank Corporation (NASDAQ:BMTC)
Bryn Mawr Bank Corporation is a holding company for The Bryn Mawr Trust Company (the Bank). The Company offers a range of personal and business banking services, consumer and commercial loans, equipment leasing, mortgages, insurance, and wealth management services, including investment management, trust and estate administration, retirement planning, custody services, and tax planning and preparation. The Company operates through two segments: Wealth Management and Banking. The Company’s Wealth Management segment offers various services, including trust administration, custody, investment management and advisory services, employee benefits, estate settlement, tax services and brokerage. Its Banking segment consists of commercial and retail banking. The Company operates through a network of approximately 30 full-service branches, eight limited-hour retirement community branches, five wealth offices and a full-service insurance agency.
