At the end of 2011, Bryn Mawr had total assets of $1.77 billion and wealth assets under management of $4.83 billion.
While Bryn Mawr easily reached its goal for wealth assets, growing the banking side has been challenging. As Peters said, "The bank deals are harder to find."
Quitting time?
We're not quitting enough.
It sounds weird to argue that lots of people quitting their jobs is a sign of a healthy labor market, but economists say the "quits rate" indicates workers' willingness or ability to change jobs. Lots of available jobs, lots of quitting.
When the recession began in December 2007, the U.S. Bureau of Labor Statistics said it recorded 2.8 million quits for that month. (Remember that the start of a recession represents the peak of an economic expansion.)
According to data released Tuesday, the number of quits in December 2011 was 1.9 million. That figure is largely unchanged for the last three months of 2011. It's also just 400,000 quits higher than in January 2010, when 1.5 million - a recent low point - were recorded.
You can also look at quits data as a percentage - the number of quits as a percent of total employment. That rate was stuck at 1.5 percent for the last half of 2011.
Among industries, the lodging and food-services sector had the highest quits rate at 2.8 percent. The lowest rate was 0.6 percent for government.
Contact columnist Mike Armstrong at 215-854-2980, marmstrong@phillynews.com, or @PhillyInc on Twitter.
Read his blog, "PhillyInc,"
at www.phillyinc.biz.
