Severn Bank Appoints Chief Financial Officer

September 3, 2019    ANNAPOLIS, Md.    The Board of Directors of Severn Bancorp, Inc. and its subsidiary Severn Bank appointed Vance W. Adkins, Executive Vice President and Chief Financial Officer of the Company and the Bank effective September 16, 2019.

Mr. Adkins brings years of experience in financial management, and in particular banking, to Severn Bank. From 2016 until the completion of its merger in April 2019, Mr. Adkins served as Chief Financial Officer of HomeTown Bankshares Corporation and its banking subsidiary, HomeTown Bank, located in Roanoke, Virginia.  Before serving as Chief Financial Officer he held the position of Senior Risk Officer of HomeTown Bank from 2010 until 2016. Mr. Adkins is a Certified Public Accountant and received his Bachelor of Science in Business and Masters of Science in Accounting and Information Systems from Virginia Tech in Blacksburg, VA.

Alan J. Hyatt, President and Chief Executive Officer, remarked, “We are looking forward to having Vance join the Severn Bank team. He brings knowledge and experience to our organization as we undertake growth. He comes from a community bank background similar to ours so he will have a good understanding of our commitment to the community we serve. His background as a CPA and Bank Risk Officer will also prove invaluable in this period of changing regulations.”

About Severn Bank

Founded in 1946, Severn Bank is a full-service community bank offering a wide array of personal and commercial banking products as well as residential and commercial mortgage lending.  It has assets of approximately $882 million and six branches located in Annapolis, Edgewater, Glen Burnie, Lothian/Wayson’s Corner, and Severna Park, and a seventh scheduled to open in Crofton in 2019.  The bank specializes in exceptional customer service and holds itself and its employees to a high standard of community contribution.

 

Bryn Mawr Trust Names CIO

Bryn Mawr, Pa., August 19, 2019 – Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that Jeffrey Mills has joined their wealth division as Senior Vice President and Chief Investment Officer. Mr. Mills reports directly to Jennifer Dempsey Fox, President of BMT Wealth Management, and will maintain an office at the firm’s new Berwyn, Pa. location beginning September 16, 2019.

Jeff will be responsible for investment strategy across BMT’s Wealth Management platform, including the development of alternative capabilities to attract high net-worth and ultra-high net-worth clients, as well as institutions, endowments and foundations. He will lead firm-wide asset allocation decisions and publication of investment thought leadership. Jeff will manage BMT’s team of research analysts in addition to the Directors of Fixed Income and Third-Party Services. He will also collaborate on the direction and management of BMT’s team of portfolio managers.

“Jeff is a well-known and respected financial expert who possesses the rare combination of being strategic, tactical and analytical in his approach to leadership, research, investment management and portfolio composition,” said Ms. Fox. “Jeff will significantly elevate the investment platform and provide guidance to strategically grow the wealth division beyond our current strong foundation. We are pleased to welcome him to the BMT Wealth Management family.” Jeff has more than 15 years of experience in investment analysis, advisory, and strategy. Most recently, he was Managing Director and Co-Chief Investment Strategist at PNC Financial Services Group in Philadelphia.

Jeff holds a bachelor’s degree in international relations from the University of Pennsylvania, Philadelphia, Pennsylvania, a Master of Business Administration from the University of Oxford, Oxford, U.K., and a Master of Science in management studies with a concentration in asset management and investments from the Massachusetts Institute of Technology, Cambridge, Massachusetts. Jeff is a high-profile speaker and regular contributor to national discussions on economic matters through his appearances as a financial expert on programs such as CNBC, CNN and Yahoo Finance.