Pursuant to the terms of the merger agreement, First Keystone (the company) will be merged with and into Bryn Mawr Bank, with the bank surviving the merger. Concurrent with the merger, First Keystone Bank will merge with and into Bryn Mawr Trust, with the trust being the surviving bank.

Pursuant to the terms of the merger agreement, the company's shareholders will receive a combination of 0.6973 shares of Bryn Mawr common stock plus $2.06 in cash for each share of company common stock that they own, in each case subject to possible adjustment in the manner described in the merger agreement.

Based on the 20 trading days ended October 30, 2009, the value of the consideration to be received by the company's shareholders in the merger was approximately $13.75 for each share of company common stock. The actual value to be received is subject to fluctuation due to, among other factors, the market value of Bryn Mawr common stock at the time of closing.

The transaction is subject to regulatory approval and approval of the company's shareholders and is expected to be consummated in the second quarter of 2010.

Donald Guthrie, chairman of the board of the company and First Keystone Bank, said: "We believe that the transaction is in the best interests of our shareholders, customers and the communities we serve. Bryn Mawr Bank is a premier company, and a high performing, well-managed institution which will provide our shareholders with significant upside potential on a long-term basis.

"We are pleased to offer our customers the expanded products and services and larger branch network that will be provided upon our combination with Bryn Mawr Bank. Much like First Keystone Financial, Bryn Mawr Bank is a loyal corporate citizen focused on the vitality of the communities they serve. We are very pleased to bring together two established companies."

A service of YellowBrix, Inc.