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- Bryn Mawr Trust
Bryn Mawr Trust Acquisition, Valuation, Funding & Investors
Bryn Mawr Trust was acquired by WSFS Bank for $976M in March 2021, a 4.4x multiple on $222M of revenue.
Bryn Mawr Trust revenue at acquisition
$222M
Last twelve months · Mar 2021
Bryn Mawr Trust revenue multiple at acquisition
4.4x
EV/Revenue · Mar 2021
Cumulative funding Bryn Mawr Trust raised
$30M
across 1 funding round
About Bryn Mawr Trust
Bryn Mawr Trust forms part of Bryn Mawr Bank Corporation, a financial services provider headquartered in Bryn Mawr, Pennsylvania and established in 1889. Services encompass retail and commercial banking, trust administration, wealth management, insurance, risk management, leasing, mortgage lending, and commercial loans. Branches span Pennsylvania counties including Montgomery, Chester, Delaware, Philadelphia, and Dauphin, plus New Jersey's Camden and Mercer counties and Delaware's New Castle County.
HQ
Website
Status
Acquired
Customer focus
B2C & B2B
Revenue model
Services, Investment management
Revenue
$222M (Mar 2021)
Valuation
$976M (acquired Mar 2021)
Bryn Mawr Trust Acquisition
Bryn Mawr Trust was acquired by WSFS Bank for $976M on 10 March 2021.
The acquisition price implies a 4.4x revenue multiple on $222M of revenue.
Before the acquisition Bryn Mawr Trust had raised $30M across 1 funding round.
WSFS Financial Corporation agreed to acquire Bryn Mawr Bank Corporation, the parent company of Bryn Mawr Trust, for $976.4 million in an all-stock transaction announced on March 10, 2021. Bryn Mawr Trust is a wealth management and financial services company based in Pennsylvania with operations in the Philadelphia, Wilmington, and Harrisburg areas, operating 41 branches and nine offices. The acquisition was completed on January 1, 2022, after receiving final regulatory approval from the Federal Reserve in December 2021. The combination created a regional banking powerhouse with approximately $20 billion in assets and $43 billion under wealth management. The deal was strategic for WSFS as it nearly doubled the combined company's wealth management assets from $22 billion to $43 billion, positioning the merged entity as the sixth-largest wealth-management business among banks with less than $100 billion in assets. The transaction also increased WSFS's deposit market share in the Philadelphia region to approximately 7%, making it the largest locally headquartered bank in the region. WSFS planned to close approximately one-third of the combined 140 bank branches due to geographic overlap and announced integration would be completed in the first quarter of 2022, with a $2 million commitment to its community foundation to support underserved communities.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 10 Mar 2021 | Strategic M&A | $976M | 4.4x |
Bryn Mawr Trust Funding History
Bryn Mawr Trust has raised a total of $30M across 1 funding round.
Bryn Mawr Trust funding rounds
| Date | Stage | Raised |
|---|---|---|
| Aug 2015 | Undisclosed stage | $30M |
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Start Free TrialAcquisitions by Bryn Mawr Trust
Bryn Mawr Trust has acquired 1 company to date.
Last acquisition by Bryn Mawr Trust was on January 31st 2017. Bryn Mawr Trust acquired Royal Bank America for $128M.
Latest Acquisitions by Bryn Mawr Trust
| Description | Royal Bank America is a Narberth, Pennsylvania-headquartered community bank serving consumers and businesses in Pennsylvania and New Jersey. It provides checking accounts, savings, money market options, certificates of deposit, IRAs, home equity loans, personal loans, credit cards, and digital banking platforms. Founded in 1963, the bank operates branches in Philadelphia suburbs and maintains a focus on local lending. |
| HQ Country | |
| HQ City | Philadelphia, PA |
| Deal Date | 31 Jan 2017 |
| Valuation | $128M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Bryn Mawr Trust acquisitions and their M&A valuation multiples. Start Free Trial | |
Bryn Mawr Trust Competitors
Bryn Mawr Trust competitors include listed companies like Mercantil Servicios Financieros, Canaccord Genuity and Camden National, and private ones like China Wanxiang Holding, Monument Bank and Karvy Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $95M | - | $1.2B | - | ||
| Private | - | - | $819M | - | ||
| Private | - | - | $240M | - | ||
| Private | - | - | $214M | - | ||
| Publicly listed | $1.6B | $143M | $974M | 0.6x | ||
| Publicly listed | $248M | - | $971M | 3.7x |
Bryn Mawr Trust Public Comps
Bryn Mawr Trust is no longer listed, but its public comps include Canaccord Genuity, Camden National, Crédit Agricole Touraine Poitou, Nabil Invest, Banco de Occidente, Standard Chartered Bank Kenya, Central Pacific Financial, NB Bancorp, CFG Bank and Trustco Bank.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | $143M | 0.6x | 0.6x | 6.8x | - | |||
| $248M | - | 3.9x | 3.7x | - | - | |||
| $348M | - | 2.8x | - | - | - | |||
| $140M | - | 7.0x | - | - | - | |||
| $1.3B | - | 0.8x | - | - | - | |||
| $323M | - | 3.0x | - | - | - | |||
| $289M | - | 3.3x | 3.2x | - | - | |||
| $214M | - | 4.6x | 3.5x | - | - | |||
This data is available for Pro users. Sign up to see all Bryn Mawr Trust competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bryn Mawr Trust
| Where is Bryn Mawr Trust headquartered? | Bryn Mawr Trust is headquartered in Philadelphia, PA, United States. |
| Is Bryn Mawr Trust publicly listed? | No, Bryn Mawr Trust was acquired by WSFS Bank in March 2021. |
| Who acquired Bryn Mawr Trust? | Bryn Mawr Trust was acquired by WSFS Bank in March 2021. |
| How much was Bryn Mawr Trust acquired for? | Bryn Mawr Trust was acquired for $976M in March 2021, a 4.4x revenue multiple. |
| How much funding has Bryn Mawr Trust raised? | Bryn Mawr Trust has raised $30M across 1 funding round. |
| What was Bryn Mawr Trust's last funding round? | Bryn Mawr Trust's last funding round was a $30M undisclosed-stage round in August 2015. |
| Which companies are comparable to Bryn Mawr Trust? | Companies comparable to Bryn Mawr Trust include Mercantil Servicios Financieros, China Wanxiang Holding, Monument Bank, Karvy Group, Canaccord Genuity and Camden National. |
| How many companies has Bryn Mawr Trust acquired? | Bryn Mawr Trust has acquired 1 company, including Royal Bank America. |
| What was the largest acquisition by Bryn Mawr Trust? | The $128M acquisition of Royal Bank America in January 2017 is the largest acquisition Bryn Mawr Trust has made to date. |
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