May 3, 2016 |
After falling short of expectations last year, Bryn Mawr Bank Corp. rebounded with a strong first-quarter earnings report Thursday. Casey Orr, analyst at Sandler O'Neill + Partners, wrote afterward: "We believe this is the quarter [Bryn Mawr] needed to produce in order to restore investor interest and belief in the story. " Underneath the earnings story, however, is another: the question of whether Bryn Mawr Trust might one day be sold. At least one board member is said to be unhappy with the bank's share price under CEO Frank Leto, and a former employee has filed formal complaints.
February 22, 2011 |
Bryn Mawr Bank Corp. will buy the Hershey Trust Co.'s private wealth-management business, which has about $1.1 billion in assets under management. The price, which will be paid in a combination of cash and stock, was not disclosed. The Hershey wealth-management business handles investments for private individuals, families, and institutions as a distinct business from the Milton Hershey School Trust, which pays for the operation of the Milton Hershey School for poor children in Dauphin County.
February 3, 2016 |
AT ONE POINT, all Gabby Pethokoukis really wanted out of life was to "just start feeling normal again. " Sounds simple enough. But maybe not when you've been diagnosed with a rare form of cancer near the end of your sophomore year at Villanova. A cancer that most often is diagnosed in people from Africa, and people over 40. "When they first told me I looked it up on the Internet and I was kind of shocked," she said. "How did this happen to me? But I try not to dwell on negative things.
April 25, 2012 |
James W. Stratton, 75, of Blue Bell, a retired investment adviser, died Wednesday, April 18, from complications of lung cancer at a hospital in Boca Grande, Fla. Mr. Stratton founded Stratton Management Co. in 1972 and ran it for 35 years. He created the Stratton Holding Co. for a variety of mutual funds the same year. The best known is the Stratton Growth Fund, a no-load mutual fund. Stratton Management advised individual and institutional clients on investment and wealth management, and was known for its value-oriented investment philosophy, meaning it advised putting money into companies with long-term growth potential over those anticipating quick market gains.
January 22, 2013
Moorestown Friends School has appointed three new school committee members: Peter Baily, head of school at Oakwood Friends School in Poughkeepsie, N.Y.; Stefanie Cohen, former president of Congregation M'kor Shalom in Cherry Hill; and Patricia Ann Metzer, a tax lawyer with Vacovec, Mayotte & Singer in Cambridge, Mass. Arthritis Foundation, Eastern Pennsylvania Chapter , named Mary Pat Kessler to its board. She is vice president at Willis Human Capital Practice.
April 4, 2013
The president and chief executive of TD Bank Group, which competes with Wells Fargo for the top spot in Philadelphia-area deposit rankings, has announced his retirement effective Nov. 1. Succeeding Ed Clark, who has led TD for 12 years and spearheaded aggressive U.S. growth, will be Bharat Masrani, who is based in Cherry Hill and currently heads TD's U.S. operations, the Toronto company said. Mike Pederson, who currently heads TD's wealth management and other operations, will take over U.S. banking operations Nov. 1 and will relocate to Cherry Hill, the bank said.
September 24, 2012
Art-Reach Inc. , a nonprofit Philadelphia organization that makes cultural experiences more accessible to people with disabilities and economic disadvantages, hired Marion Friedman Young as executive director. Young spent four years as managing director of the Civilians, an investigative-theater company in Brooklyn, N.Y. Smart Devine , a Philadelphia accounting, tax and advisory firm, hired John McGonigal as a managing director in its Accounting and Business Advisory Practice. He was an audit partner at Grant Thornton.