A unit of Bryn Mawr Bank in Pennsylvania has bought an insurance agency.
The $4.3 billion-asset company said in a press release Tuesday that Bryn Mawr Trust acquired Domenick & Associates. Bryn Mawr did not disclose the price it paid.
Domenick & Associates, which opened in 1993, is based in Philadelphia. It specializes in nonprofit and social service organizations.
The acquisition “furthers our strategy to expand our fee-based businesses,” Frank Leto, Bryn Mawr’s CEO, said in the release. “It is rewarding to have found a group that complements our existing areas of expertise.”
Jim Domenick, the insurance agency’s president, will join Bryn Mawr.