Bryn Mawr Trust

In the late 1880s, the community of Bryn Mawr, Pennsylvania, was growing rapidly, creating new financial demands. To meet these needs, The Bryn Mawr Trust Company was established, receiving its charter on March 25, 1889. It was founded as a complementary entity to the Bryn Mawr National Bank, focusing on services the bank couldn't offer due to the National Banking Act, such as title insurance and trust business. Both institutions initially shared a building and even weathered the financial panic of 1893. The two entities operated separately for decades, with Bryn Mawr Trust eventually purchasing their shared building and expanding. A significant milestone occurred on December 31, 1954, when Bryn Mawr Trust merged with the Bryn Mawr National Bank, consolidating their operations. Over the next several decades, the company grew by acquiring smaller banks and wealth management groups, expanding its footprint beyond its Main Line origins. A pivotal chapter in the company's long history came to a close in 2021. Bryn Mawr Bank Corporation announced it would be acquired by WSFS Financial Corporation, the parent company of WSFS Bank. The acquisition, valued at approximately $976 million, was completed on January 1, 2022. This deal marked the end of Bryn Mawr Trust as an independent entity but positioned the combined company as a major financial player in the greater Philadelphia and Delaware region. The Bryn Mawr Trust name continues on as the prominent brand for WSFS's wealth management division.