As part of its inaugural ranking of the financial institutions that best serve their customers’ needs in today’s challenging times, Newsweek has named Bryn Mawr Trust one of America’s best banks and the best small bank in Pennsylvania.

BMT was selected from an initial group of more than 2,500 FDIC-insured financial institutions and assessed based on 55 different factors. Among the factors considered were “a wide variety of fees, current and historical interest rates, account terms, consumer service features, mobile app satisfaction, and bank profile.”

BMT has made significant upgrades to its online banking platforms in the last few years – including regular enhancements of its BMT Mobile Banking apps designed for consumers, small businesses, and commercial banking clients. In 2019-20, the online account opening experience enhancements included a more intuitive client interface for business and personal deposit and loan products and streamlined back-office processes.

“The recognition is wonderful and validates our efforts,” said Frank Leto, Bryn Mawr Trust’s CEO. “We have been relentless in our pursuit of efficiency, self-service technologies that consumers and business demand, and a strong value proposition within our product lines. We are particularly pleased that Newsweek considered the quality of our mobile app. Our customers’ digital experience has been a major focus for us in recent years.”

Kevin Tylus, BMT banking division president, also extolled the quality of the bank’s employees.

“This recognition speaks volumes about the collective effort of everyone who works at BMT,” he said. “We were in a position to win this award because of the employees who design and deliver the quality, competitive solutions that our customers rely on.”

Newsweek offered its ideal profile for a winner in the Small Bank category: “A hometown bank that offers the personalized feel of local branch service, while delivering competitive rates and mobile banking performance on par with larger national banks, which can be a great choice for many customers. Add in low fees and a variety of financial products, including loans, and you have a small-bank winner.”

With $5.05 billion in corporate assets and $17.24 billion in wealth assets under management, BMT operates 41 banking locations, seven wealth management offices, and two insurance and risk management locations.

Click here to learn more about Bryn Mawr Trust. Click here to check out the entire list of America’s Best Banks 2021 in Newsweek.