Ownership Submission
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)
02/01/2006
(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 02/01/2006   P   125 A $ 21.32 13,100 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               174.1 I Held in Deferred Bonus Plan
Common Stock               2,852.54 I Held in 401 (k) Plan
Common Stock               21,025 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             04/17/2002(2) 04/17/2011 Common Stock 30,000   30,000 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  

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   02/01/2006
**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.

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