New York (HedgeCo.net) – Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, today announced the completion of its previously announced acquisition of the Davidson Trust Company from Boston Private Financial Holdings, Inc. and members of the Company’s management group.

The acquisition increases the Bank’s Wealth Management Division assets under management by approximately $1 billion, or more than 19%. Ted Peters, Chairman and Chief Executive Officer of the Corporation, commented, “We have been working closely with the Davidson team over the past few months. As a result of this interaction, I am even more
excited about this acquisition today than when it was first announced.”

Francis J. Leto, Executive Vice President and head of the Wealth Management Division, added, “We are getting a very talented staff and a wonderful group of clients. The investment management business is very important to us and we expect significant growth as a result of the synergy from this combination.”

James M. Davidson, Chairman and Founder of Davidson Trust Company, commented, “Our clients are very familiar with Bryn Mawr Trust, and they were pleased to learn that we would be joining such a fine company. This is a very good opportunity for everyone involved.”

The Bank will continue to operate the Company’s business from its current location at 20 N. Waterloo Road, Devon, PA and clients will continue to be supported by the investment advisors and client service teams with whom they have worked in the past.