Common use of Systems and Processes Clause in Contracts

Systems and Processes. Each of Bryn Mawr and Bryn Mawr Bank have in place sufficient systems and processes that are customary for a financial institution of the size of Bryn Mawr and Bryn Mawr Bank and that are designed to (i) provide reasonable assurances regarding the reliability of Bryn Mawr Financial Statements and Bryn Mawr Bank’s financial statements and (ii) in a timely manner accumulate and communicate to Bryn Mawr and Bryn Mawr Bank’s principal executive officer and principal financial officer the type of information that would be required to be disclosed in Bryn Mawr Financial Statements and Bryn Mawr Bank’s financial statements or any report or filing to be filed or provided to any Regulatory Authority. Since December 31, 2017, neither Bryn Mawr nor Bryn Mawr Bank nor, to Bryn Mawr’s Knowledge, any employee, auditor, accountant or representative of any Bryn Mawr Entity has received or otherwise had or obtained knowledge of any complaint, allegation, assertion or claim, whether written or oral, regarding the adequacy of such systems and processes or the accuracy or integrity of Bryn Mawr Financial Statements or the accounting or auditing practices, procedures, methodologies or methods (including with respect to credit loss reserves, write-downs, charge-offs and accruals) of any Bryn Mawr Entity or their respective internal accounting controls, including any complaint, allegation, assertion or claim that any Bryn Mawr Entity has engaged in questionable accounting or auditing practices. No attorney representing any Bryn Mawr Entity, whether or not employed by any Bryn Mawr Entity, has reported evidence of a material violation of Securities Laws, breach of fiduciary duty or similar violation by Bryn Mawr or any of its officers, directors or employees to the board of directors of Bryn Mawr or any committee thereof or to any director or officer of Bryn Mawr. To Bryn Mawr’s Knowledge, there has been no instance of fraud by any Bryn Mawr Entity, whether or not material, that occurred during any period covered by Bryn Mawr.

Systems and Processes. Each of Bryn Mawr WSFS and Bryn Mawr WSFS Bank have in place sufficient systems and processes that are customary for a financial institution of the size of Bryn Mawr WSFS and Bryn Mawr WSFS Bank and that are designed to (i) provide reasonable assurances regarding the reliability of Bryn Mawr WSFS Financial Statements and Bryn Mawr WSFS Bank’s financial statements and (ii) in a timely manner accumulate and communicate to Bryn Mawr WSFS and Bryn Mawr WSFS Bank’s principal executive officer and principal financial officer the type of information that would be required to be disclosed in Bryn Mawr WSFS Financial Statements and Bryn Mawr WSFS Bank’s financial statements or any report or filing to be filed or provided to any Regulatory Authority. Since December 31, 2017, neither Bryn Mawr WSFS nor Bryn Mawr WSFS Bank nor, to Bryn MawrWSFS’s Knowledge, any employee, auditor, accountant or representative of any Bryn Mawr WSFS Entity has received or otherwise had or obtained knowledge of any complaint, allegation, assertion or claim, whether written or oral, regarding the adequacy of such systems and processes or the accuracy or integrity of Bryn Mawr WSFS Financial Statements or the accounting or auditing practices, procedures, methodologies or methods (including with respect to credit loss reserves, write-downs, charge-offs and accruals) of any Bryn Mawr WSFS Entity or their respective internal accounting controls, including any complaint, allegation, assertion or claim that any Bryn Mawr WSFS Entity has engaged in questionable accounting or auditing practices. No attorney representing any Bryn Mawr WSFS Entity, whether or not employed by any Bryn Mawr WSFS Entity, has reported evidence of a material violation of Securities Laws, breach of fiduciary duty or similar violation by Bryn Mawr WSFS or any of its officers, directors or employees to the board of directors of Bryn Mawr WSFS or any committee thereof or to any director or officer of Bryn MawrWSFS. To Bryn MawrWSFS’s Knowledge, there has been no instance of fraud by any Bryn Mawr WSFS Entity, whether or not material, that occurred during any period covered by Bryn MawrWSFS.