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 has appointed Brian J. Taylor as Senior Vice President and Wealth Director for Bryn Mawr Trust Wealth Management in Princeton, N.J.. Taylor, who has over 25 years of wealth management experience, will focus on new business, community visibility, and brand development. This announcement follows the recent merger of WSFS and Bryn Mawr Bank Corporation. WSFS Financial reported $15.4 billion in assets and $27.6 billion in assets under management as of September 30, 2021.
WSFS Financial Corporation (Nasdaq: WSFS) announced it will report its fourth quarter earnings on January 24, 2022. A conference call for investors will follow on January 25, 2022, at 1:00 p.m. ET for a detailed review of the earnings report. As of September 30, 2021, WSFS Financial had $15.4 billion in assets and $27.6 billion in assets under management. Established in 1832, it operates 112 offices across several states, providing diverse financial services.
WSFS Financial Corporation announced a $15 million settlement that positively impacts its earnings per share (EPS) by approximately $0.23 for Q4 2021. This resolution stems from litigation related to the 2010 purchase of Christiana Bank & Trust Company. The company aimed to enforce indemnity from the stock purchase agreement and recover amounts from a previous arbitration with Universitas Education, LLC. The current settlement, along with an earlier recovery of $8 million, covers all litigation costs and recoups a total of $12 million paid to Universitas.
WSFS Financial Corporation has successfully completed the acquisition of Bryn Mawr Bank Corporation and its subsidiary, Bryn Mawr Trust, effective January 1, 2022. This strategic move enhances WSFS's position in the Greater Philadelphia and Delaware region, increasing its assets to approximately $20 billion and assets under administration to about $49 billion. Key appointments to the Board of Directors include Frank J. Leto, Lynn B. McKee, and Diego F. Calderin, who are expected to contribute valuable insights. Customers can expect a seamless transition until late Q1 2022 when systems integration is anticipated.
WSFS Financial Corporation (WSFS) announced that it has received all necessary approvals to acquire Bryn Mawr Bank Corporation (BMTC), with the merger expected to close on January 1, 2022. The Federal Reserve granted the final regulatory approval, following overwhelming support from shareholders of both companies. Following the merger, WSFS aims to create a premier banking and wealth management franchise in the Greater Philadelphia and Delaware region. Both banks will operate separately until a systems integration is completed in late Q1 2022, providing customers access to a combined ATM network of over 600 locations.
WSFS Financial Corporation (Nasdaq: WSFS) announced the recognition of three associates, Steve Dunn, Cody Snyder, and Erik O’Neal, in the American Bankers Association’s Under 40 in Wealth Management awards. This marks the second consecutive year WSFS has had multiple winners, highlighting the firm's strong expertise in wealth management. Dunn is a financial advisor, Snyder is senior trust counsel, and O’Neal is an advisor at West Capital Management. They will be honored at the ABA’s virtual Wealth Management and Trust Conference on February 15-16, 2022.
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the virtual D.A. Davidson Mid-Atlantic Bank Tour on November 17, 2021. Chairman and CEO Rodger Levenson and CFO Dominic C. Canuso will engage with investors. The company’s current Investor Presentation is accessible on its website. As of September 30, 2021, WSFS reported $15.4 billion in assets and $27.6 billion in assets under management. Operating 112 offices, WSFS Bank is the largest locally managed bank in Delaware and the Greater Philadelphia region.
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the Piper Sandler East Coast Financial Services Conference on November 11, 2021, in Naples, Florida. Chairman Rodger Levenson and CFO Dominic C. Canuso will engage with investors. The company’s current Investor Presentation is available on their website. As of September 30, 2021, WSFS reported $15.4 billion in assets and $27.6 billion in assets under management. Operating with 112 offices, WSFS Bank has a long-standing history in the Delaware and Greater Philadelphia regions, providing comprehensive financial services since 1832.
WSFS Bank has promoted seven Associates to Senior Vice President (SVP) across various business lines. The newly appointed SVPs include James Boston (Real Estate Services), Robin Marandola (Commercial Loan Operations), Bernadette Powell (Fair and Responsible Banking), Theodore Quillen (Wealth Investments), Lisa Shaw (Business Strategy), Norman Smith (Senior Credit Officer), and Drew Walls (Business Banking). The bank emphasizes career development for its Associates and looks forward to their continued contributions. WSFS Financial Corporation has $15.4 billion in assets as of September 30, 2021.
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