Bryn Mawr Bank Names Former Susquehanna Exec as CFO

Bryn Mawr Bank in Pennsylvania has hired Michael Harrington as chief financial officer and treasurer.

Harrington, 52, will join the $3 billion-asset company on Oct. 5. He replaces David Takats, who has served as interim CFO since July following the resignation of Duncan Smith. Harrington was also named CFO of Bryn Mawr Trust Co.

Takats will return to his previous role at Bryn Mawr of senior vice president.

Bryn Mawr will pay Harrington a yearly salary of $325,000, a $25,000 cash signing bonus and additional compensation, including restricted stock units.

Harrington was previously CFO and treasurer at Susquehanna Bancshares in Lititz, Pa., which was acquired earlier this year by the $210 billion-asset BB&T in Winston-Salem, N.C. Harrington was also previously chief investment officer and treasurer at the $39 billion-asset First Niagara Financial Group in Buffalo, N.Y.