BRYN MAWR, Pa., March 28, 2013 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (Nasdaq:BMTC) (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that the Corporation has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") to acquire MidCoast Community Bancorp, Inc. ("MidCoast") and its wholly owned subsidiary MidCoast Community Bank, for approximately $33 million. MidCoast Community Bancorp, Inc. is headquartered in Wilmington, Delaware. The acquisition builds upon the Corporation's existing footprint in Delaware by adding four branches, approximately $235 million in loans and approximately $250 million in deposits.
Bryn Mawr Bank Corporation To Acquire MidCoast Community Bancorp, Inc.
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