Summary of BRYN MAWR BANK CORP

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e) Compensatory Arrangements

On August 21, 2009, the Compensation Committee of Bryn Mawr Bank Corporation (the "Corporation"), pursuant to the Bryn Mawr Bank Corporation 2007 Long-Term Incentive Plan (the "Plan"), granted non-qualified stock options to the executive officers and directors named below.

Each option has an exercise price of $18.27 per share, the last sale price reported by the Nasdaq Global Market on August 20, 2009. Each option vests at the rate of 20% per year beginning August 21, 2010. Each option expires on August 21, 2019 if it is not exercised, forfeited or terminated.

The following executive officers received stock options for the number of shares listed:

            Frederick C. Peters II,                            23,000
            Chairman and Chief Executive Officer

            J. Duncan Smith,                                   11,500
            Chief Financial Officer and Treasurer

            Alison E. Gers,                                    11,500
            Executive Vice President

            Joseph G. Keefer,                                  11,500
            Executive Vice President

            Francis J. Leto,                                   11,500
            Executive Vice President

            Robert J. Ricciardi,                               11,500
            Corporate Secretary and Executive Vice President

            Matthew G. Waschull,                                6,350
            Executive Vice President

Messrs. Smith, Keefer, Leto, Ricciardi and Waschull and Ms. Gers are Executive Vice Presidents of The Bryn Mawr Trust Company, the Corporation's principal subsidiary.

The following directors received stock options for the number of shares listed:

                         Thomas L. Bennett       4,475

                         Andrea F. Gilbert       4,475

                         Wendell F. Holland      4,475

                         Scott M. Jenkins        4,475

                         David E. Lees           4,475

                         Britton H. Murdoch      7,332 *

                         B. Loyall Taylor, Jr.   4,475

* Includes 4,475 options granted to Mr. Murdoch as a director of the Corporation, and an additional 2,857 options granted due to his position as lead director.

In deciding to increase the number of stock options granted to directors and executive officers under the Plan in 2009, the Compensation Committee took into account the fact that the expense associated with such options over the five year vesting period is lower than the related expense with regard to the options granted in 2008, even though fewer options were granted in 2008. This is because the estimated per share fair value in 2009 for each option is lower than it was in 2008.

Each of the stock options awarded to the executive officers and directors is evidenced by a non-qualified stock option agreement between the Corporation and the option holder in the respective forms attached as Exhibits 99.1 and 99.2 to the Corporation's Form 8-K filed with the Commission on September 5, 2007.