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.
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.
June 18, 2007 |
AmeriHealth New Jersey promoted Troy Pelfrey to director of marketing. He had been senior product manager. Vincent A. Melchiorre was named executive vice president of J&J Snack Foods Corp. He will also be chief marketing officer. He was most recently senior vice president of Weston Foods USA, Horsham, responsible for leadership of its $1.2 billion bread and roll business. Phillip Stewart was appointed chief people officer of Kenexa Corp., an employee research and software company in Wayne.
November 12, 2012
Reading Terminal Market Corp. , the nonprofit group that manages the Reading Terminal Market in Philadelphia, elected Brent Cossrow to serve as its vice chairman. Cossrow is a partner in the Philadelphia office of Fisher & Phillips L.L.P, and was appointed to the board of the RTMC by the Reading Terminal Market Merchants' Association in October 2009. He fills a vacancy left by the death of longtime director and vice chairwoman Rebecca Stoloff . Independence Seaport Museum , Philadelphia, elected the following new members to its board of port wardens: Sam Katz , executive producer and founder of History Making Productions and former candidate for mayor of Philadelphia.
January 26, 2012 |
NEW ENGLAND tight end Rob Gronkowski was listed as unable to practice yestersday on the team's first injury report since he injured his left ankle in the AFC title game. Although the Patriots did not practice, they were required to file an injury report. Gronkowski is listed as "DNP. " He was seen wearing a removable boot on his left foot on Monday. The second-year star, who set an NFL record for tight ends with 17 touchdown catches, limped off the field in the third quarter of Sunday's 23-20 win over Baltimore but returned.
October 3, 2012 |
Michael McDermott had little reason to believe that his 11th Crump Cup championship at Pine Valley would be the one to fulfill a dream. McDermott, 37, of Bryn Mawr, sat out competitive golf for most of the summer because of a digestive illness that resulted in a 10-day hospital stay and a six-week period when he did not touch a club. He said he went into last weekend's tournament "with almost no expectations. " But McDermott, a five-time Golf Association of Philadelphia player of the year, survived four close matches, two of which went to extra holes, and captured the 88th annual championship Sunday with a 2-and-1 victory over Kevin Marsh of Henderson, Nev. "This is really special," McDermott said Monday.
January 15, 2013 |
BOSTON - For more than two decades, crime writer Patricia Cornwell has famously dramatized the life of a fictional medical examiner in her best-selling books. Now, she has her own personal drama unfolding in federal court. Cornwell, a wildly successful author through her novels about Dr. Kay Scarpetta, is suing her former financial management firm and business manager for negligence and breach of contract, claiming they cost her and her company millions in investment losses and unaccounted for revenues during their 41/2-year relationship.