Bryn Mawr Trust Appoints Pedro Nicolas Velecico as CRA Lender for Mortgage Division
Jun 27, 2019
BRYN MAWR, Pa.-- The Bryn Mawr Trust Company (“BMT”), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation,” “BMT”), announced today that Pedro Nicolas Velecico was appointed CRA Mortgage Lender for their mortgage division and is based in Bryn Mawr, Pa.
“Helping buyers realize their homeownership dreams is an important way we invest in our community,” said Tom Forker, Senior Vice President and Director of Mortgage Lending. “Pedro’s experience and drive to put homeownership within reach for everyone, focusing on low- and moderate-income individuals, has been a trademark of his career.” In February 2019, BMT pledged $25 million toward funding loans for low- and moderate-income households through its Neighborhood Opportunity Program. BMT has, in total, pledged $50 million toward the effort since 2016.
Pedro has 25 years of experience in the mortgage and real estate industries. He holds an Associate’s degree in Spanish from the Community College of Philadelphia and has completed industry-related coursework through Temple University’s Real Estate Institute and the University of Pennsylvania. Pedro is also a certified Spanish translator/interpreter with the state of New Jersey.
Bryn Mawr Bank Corporation (NASDAQ: BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889, and is headquartered in Bryn Mawr, Pa. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $4.6 billion in corporate assets and $14.7 billion in wealth assets under management, administration, supervision, and brokerage (as of 3/31/19). Today, the company operates 43 banking locations, five (5) wealth management offices and two (2) insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. For more information, visit bmt.com.
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