FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * PETERS FREDERICK C II   2. Issuer Name and Ticker or Trading Symbol BRYN MAWR BANK CORP [BMTC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and Chairman (Last) (First) (Middle) BRYN MAWR BANK CORPORATION, 801 LANCASTER AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2011 (Street) BRYN MAWR, PA 19010 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock               13,700 I The Bryn Mawr Trust Company cust. IRA of Frederick C. Peters II Rollover IRA Common Stock               175 I Held in Spouse's IRA Common Stock               3,238.689 I Held in 401 (k) Plan Common Stock 03/01/2011   M   30,000 A $ 12.45 52,025 D   Common Stock 03/01/2011   S   3,400 D $ 20.75 48,625 D   Common Stock 03/01/2011   S   600 D $ 20.7501 48,025 D   Common Stock 03/01/2011   S   266 D $ 20.86 47,759 D   Common Stock 03/01/2011   S   70 D $ 20.87 47,689 D   Common Stock 03/01/2011   S   647 D $ 20.85 47,042 D   Common Stock 03/02/2011   S   4,200 D $ 20.3 42,842 D   Common Stock 03/02/2011   S   1,000 D $ 20.3002 41,842 D   Common Stock 03/02/2011   S   500 D $ 20.3101 41,342 D   Common Stock 03/02/2011   S   816 D $ 20.33 40,526 D   Common Stock 03/02/2011   S   300 D $ 20.32 40,226 D   Common Stock 03/02/2011   S   200 D $ 20.3301 40,026 D   Common Stock 03/02/2011   S   184 D $ 20.34 39,842 D   Common Stock 03/02/2011   S   200 D $ 20.35 39,642 D   Common Stock 03/02/2011   S   2,661 D $ 20.4 36,981 D   Common Stock 03/02/2011   S   100 D $ 20.43 36,881 D   Common Stock 03/02/2011   S   47 D $ 20.62 36,834 D   Common Stock 03/03/2011   S   409 D $ 20.36 36,425 D   Common Stock 03/03/2011   S   1,200 D $ 20.38 35,225 D   Common Stock 03/03/2011   S   400 D $ 20.3601 34,825 D   Common Stock 03/03/2011   S   1,000 D $ 20.365 33,825 D   Common Stock 03/03/2011   S   1,000 D $ 20.3301 32,825 D   Common Stock 03/03/2011   S   200 D $ 20.31 32,625 D   Common Stock 03/03/2011   S   900 D $ 20.3101 31,725 D   Common Stock 03/03/2011   S   100 D $ 20.37 31,625 D   Common Stock 03/03/2011   S   700 D $ 20.34 30,925 D   Common Stock 03/03/2011   S   100 D $ 20.33 30,825 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Options to Purchase Common Stock (6)

$ 20.47

04/23/2005(1)

04/23/2014

Common Stock

24,000

24,000

D

Options to Purchase Common Stock (6)

$ 12.45

03/01/2011

M

30,000

04/17/2002(2)

04/17/2011

Common Stock

30,000

$ 12.45

0

D

Options to Purchase Common Stock (6)

$ 16.26

04/16/2003(3)

04/16/2012

Common Stock

20,000

20,000

D

Options to Purchase Common Stock (6)

$ 18.46

04/15/2004(4)

04/15/2013

Common Stock

20,000

20,000

D

Options to Purchase Common Stock (6)

$ 17.85

05/16/2004(5)

05/16/2013

Common Stock

4,000

4,000

D

Options to Purchase Common Stock (7)

$ 18.91

05/12/2005

05/12/2015

Common Stock

30,000

30,000

D

Options to Purchase Common Stock (7)

$ 21.21

12/12/2005

12/12/2015

Common Stock

24,000

24,000

D

Phantom Stock

(8)

(8)

(8)

Common Stock

0

197.043

D (9)

Options to Purchase Common Stock (11)

$ 22

08/29/2008(10)

08/29/2017

Common Stock

18,000

18,000

D

Options to Purchase Common Stock (11)

$ 24.27

08/18/2009(12)

08/18/2018

Common Stock

18,000

18,000

D

Options to Purchase Common Stock (11)

$ 18.27

08/21/2010(13)

08/21/2019

Common Stock

23,000

23,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PETERS FREDERICK C II BRYN MAWR BANK CORPORATION 801 LANCASTER AVENUE BRYN MAWR, PA 19010	X		President and Chairman

Signatures

Frederick C. Peters II		03/03/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The vesting of these options was accelerated by the registrant and became fully vested as of June 16, 2005.
(2)	These options become exercisable over a three (3) year period in 33 1/3% increments starting on April 17, 2002 and on each April 17 thereafter until the options are fully exercisable.
(3)	These options become exercisable over a three (3) year period in 33 1/3% increments starting on April 16, 2003 and on each April 16 thereafter until the options are fully exercisable.
(4)	These options become exercisable over a three (3) year period in 33 1/3% increments starting on April 15, 2004 and on each April 15 thereafter until the options are fully exercisable.
(5)	These options become exercisable over a three (3) year period in 33 1/3% increments starting on May 16, 2004 and on each May 16 thereafter until the options are fully exercisable.
(6)	Acquired in a transaction exempt under Rule 16b-3
(7)	These options were granted to the reporting person under BMBC's 2004 Stock Option Plan in a transaction exempt under Rule 16b-3.
(8)	Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash, upon the reporting person's termination of service as an employee.
(9)	Held in Bryn Mawr Trust Company Executive Officers Deferred Comp. Plan.
(10)	These options become exercisable over a five (5) year period in 20% increments starting on 08/29/2008 and on each 08/29 thereafter until the options are fully exercisable.
(11)	These options were granted to the reporting person under BMBC's 2007 Long-term Incentive Plan.
(12)	The options become exercisable over a five (5) year period in 20% increments starting on 8/18/2009 and on each 8/18 thereafter until the options are fully exercisable.
(13)	The options become exercisable over a five (5) year period in 20% increments starting on 8/21/2010 and on each 8/21 thereafter until the options are fully exercisable.

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