Bryn Mawr Bank Corp. reported a strong first quarter helped in part by the steady growth of its wealth management business, the Pennsylvania-based community bank announced Friday.
In the first quarter of 2013, the Wealth Management Division of its subsidiary Bryn Mawr Trust generated $8.3 million in revenue, up 34% from $6.2 million in the same quarter the year before. The divisions assets under management hit $7 billion, an increase of $1.8 billion, or 35.6%, from a year ago.
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