Bryn Mawr, Pa.-based Bryn Mawr Bank Corp. has agreed to pay about $32.7 million for Media, Pa.-based First Keystone Financial Inc. with a view to folding First Keystone into subsidiary Bryn Mawr Trust Co.

The deal, set to close in mid-2010, is expected to add about $500 million in assets to Bryn Mawr Bank, which had $1.2 billion in corporate assets and $2.7 billion in trust and investment assets under management or administration at the end of September.

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