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Banking Exec Honored for Investing in Israel
You don't have to be Jewish to be a mensch. Frank Ash uses this Yiddish term -- which means "a good person" -- to describe his friend and sometimes golf partner, Ted Peters, chairman and chief executive officer of Bryn Mawr Trust Company and Bryn Mawr Bank Corporation. On Sunday, Oct. 24, at 6 p.m., Ash will introduce Peters to an audience at Green Valley Country Club in Lafayette Hill, gathered to honor the banking executive for his generous support of State of Israel Bonds. Peters is the first nonmember to be selected as a Bonds honoree in the club's history.
Ash, who serves as chair for the Bonds tribute, with support from co-chairs Bruce Ginsburg and Stanton Moss, recalls his first meeting with Peters some seven years ago at the country club's Bonds tribute for his close friend, Marty Phillips. "Marty used to work with Ted and introduced me to him," recalls Ash. "I decided right then and there to ask Peters to be an honorary chair of the tribute."
Like any astute banking executive, Peters asked Ash about the financial requirements of serving in this capacity. Ash set the price tag at $250,000 in Bonds purchases, plus a commitment to reserving a table or two.
Peters agreed, and said he was given a warm reception by Green Valley members.
"Ted told me that he will continue to attend and support every Bonds event that our country club hosts," Ash relates, adding that "he is a great guy who is true to his word."
Since Ash initially approached Peters to become involved with State of Israel Bonds, he has purchased $2.2 million in Bonds.
"Green Valley Country Club and the Bonds organization greatly appreciates his generous investment in the State of Israel," says Ash.
Peters, a Bryn Mawr resident, joined Bryn Mawr Trust in 2001, after serving as the CEO and founder of 1st Main Line Bank, and as co-founder and CEO of National Bank of the Main Line. Under his leadership, the bank currently has $4.9 billion in assets and maintains 17 branches in the western suburbs of Philadelphia.
A graduate of the Haverford School and Amherst College, he currently serves on the Board of the Federal Reserve Bank of Philadelphia, as well as the boards of the Pennsylvania Association of Community Bankers, the Bryn Mawr Film Institute, and the Rosemont College Business Advisory Council.