Welcome to our dedicated page for WSFS Financial news (Ticker: WSFS), a resource for investors and traders seeking the latest updates and insights on WSFS Financial stock.
WSFS Financial Corp is a savings and loan holding company with a rich history dating back to 1832. Headquartered in Wilmington, Delaware, WSFS Financial Corp operates through three primary segments: WSFS Bank, Cash Connect, and Wealth Management.
WSFS Bank is the core segment, providing a comprehensive range of banking services including loans, leases, and other financial products tailored for both commercial and consumer customers. With 43 branches spread across Delaware and Southeastern Pennsylvania, WSFS Bank stands as a community-oriented institution focused on innovation and customer satisfaction.
Cash Connect, another vital segment, offers ATM vault cash, smart safe, and other cash logistics services. It plays a significant role in supporting the cash management needs of businesses and financial institutions, ensuring secure and efficient cash handling.
The Wealth Management division provides an extensive array of services that include planning, advisory services, investment management, and personal and institutional trust services. This segment caters to individuals, corporations, and institutional clients, helping them achieve their financial goals with a range of credit and deposit products.
Known for its commitment to service, WSFS Financial Corp's mission is encapsulated in its motto, “We Stand for Service®”. This mission has been a guiding principle since the company's inception. WSFS is also recognized as one of the top workplaces, reflecting its positive work environment and strong community ties.
In terms of financial performance, WSFS Financial Corp primarily generates revenue from its banking segment. The company is dedicated to evolving its services to meet the changing needs of its customers through the adoption of innovative technologies.
WSFS Financial Corporation announced the successful merger of Christiana Trust Company of Delaware and The Bryn Mawr Trust Company of Delaware, effective April 1, 2022. The combined entity will operate under The Bryn Mawr Trust Company of Delaware name, highlighting its legacy in wealth management. Robert W. Eaddy will continue as President. This merger aims to enhance service offerings for high-net-worth clients, providing innovative solutions in a business-friendly state. WSFS Financial Corporation has significant assets, with $15.8 billion on its balance sheet and $34.6 billion in assets under management.
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has appointed Liam Brickley as Senior Vice President and Chief Credit Officer. Reporting to Chief Risk Officer Christine E. Davis, Brickley will oversee the Bank's credit exposures and loan policies. With nearly 40 years of banking expertise, he previously served as Chief Credit Officer at Bryn Mawr Trust. Brickley aims to foster continued growth and financial strength for WSFS amidst the recent merger with Bryn Mawr Trust. As of December 31, 2021, WSFS Financial Corporation had $15.8 billion in assets.
WSFS Financial Corporation announces the retirement of Mark A. Turner from its Board after 15 years of service, effective May 11, 2022. Turner has been with the company since 1996 and served as Chairman, President, and CEO. This transition marks the conclusion of a long-term succession plan for the leadership of WSFS. The Annual Meeting of Stockholders will take place virtually, with stockholders eligible to participate if they register in advance.
As of December 31, 2021, WSFS Financial Corporation reported $15.8 billion in assets and $34.6 billion in assets under management.
WSFS Financial Corporation (NASDAQ: WSFS) has successfully completed the brand conversion and systems integration of Bryn Mawr Trust into WSFS Bank, enhancing banking services for former Bryn Mawr clients. All bank accounts have transitioned to WSFS, providing access to 94 retail locations and over 600 ATMs. As part of a consolidation plan, 34 offices have closed to streamline operations. WSFS maintains approximately $20 billion in assets and aims to leverage local expertise in wealth management with around $58 billion in assets under management.
WSFS Bank has promoted 12 Associates to Senior Vice President (SVP) roles, highlighting its commitment to leadership development. The new SVPs come from various departments including Corporate Communications, Talent Acquisition, and Loan Production. Executive Vice President and Chief Human Resources Officer Michael L. Conklin commended their growth and contributions to the company’s success. As of December 31, 2021, WSFS Financial Corporation boasts $15.8 billion in assets and operates 112 offices across several states, emphasizing its strong position in the financial services sector.
WSFS Financial Corporation announced the appointment of Christine E. Davis as Executive Vice President, Chief Risk Officer, succeeding Michael Reed, who returns to Covington & Burling, LLP. With over 20 years at WSFS, Davis will lead all risk management functions. John E. Kveragas, Jr. has been named Senior Vice President, Chief Auditor, bringing 20 years of auditing experience. The changes reflect WSFS's commitment to executive succession planning and talent development within the company.
WSFS Financial Corporation has appointed Stephanie Saint-Cyr as the new Senior Vice President and Director of Wealth Advisory Services in Princeton, N.J. She will report to Jennifer Dempsey Fox, President of Bryn Mawr Trust Wealth Management. Saint-Cyr, a seasoned professional with over two decades of experience, will lead wealth advisors and enhance client relationships. With $15.8 billion in assets and $34.6 billion in assets under management, WSFS continues to solidify its position in the financial services sector.
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the 2022 KBW Winter Financial Services Symposium on February 17, 2022, in Boca Raton, Florida. The event will feature discussions led by Rodger Levenson, Chairman, President, and CEO, along with Dominic C. Canuso, CFO. Investors can access the current Investor Presentation through the Investor Relations section of WSFS’ website. As of December 31, 2021, WSFS Financial had $15.8 billion in assets and $34.6 billion in assets under management, operating from 112 offices in the Greater Delaware Valley.
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