Bryn Mawr Bank (BMTC +1.2%) says its purchase of MidCoast Community Bank will add ~$300M of...

|About: Bryn Mawr Bank Corporation (BMTC)|By:, SA News Editor

Bryn Mawr Bank (BMTC +1.2%) says its purchase of MidCoast Community Bank will add ~$300M of assets to its balance sheet and will be accretive to earnings to the tune of 3-5%. Bryn Mawr emphasized the quality of the acquired loans noting that MidCoast's nonperforming loans totaled just 0.46% of assets.