WSFS Appoints Owen Mathews as Corporate Development Officer

Rhea-AI Summary

WSFS Financial (Nasdaq: WSFS) has appointed Owen Mathews as Senior Vice President, Corporate Development Officer. Mathews, who has spent nearly 18 years with WSFS, will report to Executive Vice President and Chief Operating Officer Arthur Bacci. In his new role, Mathews will be responsible for driving growth through mergers and acquisitions, strategic partnerships, and joint ventures. Previously serving as Senior Vice President and Investment Portfolio Manager, Mathews' appointment represents WSFS' commitment to internal talent development and strategic growth initiatives.

Positive

• Internal promotion demonstrates strong succession planning and talent retention
• Appointment of dedicated Corporate Development Officer signals focus on strategic growth
• 18-year veteran brings deep institutional knowledge to M&A role

Negative

• None.

WILMINGTON, Del.--(BUSINESS WIRE)-- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, is pleased to announce the appointment of Owen Mathews to the position of Senior Vice President, Corporate Development Officer, reporting to Arthur Bacci, Executive Vice President and Chief Operating Officer.

In his new role, Mathews will be responsible for helping drive growth and expansion through mergers and acquisitions, strategic partnerships, joint ventures, and other growth-related initiatives.

“This move reflects WSFS’ continued investment in talent development and interest in exploring opportunities consistent with our strategic plan,” said Bacci. “Owen has spent nearly his entire career with WSFS, developing skills and expertise in Commercial Banking and Corporate Treasury while rising through roles of increasing responsibility.”

Mathews continues his nearly 18-year career with WSFS. Most recently, he served as Senior Vice President and Investment Portfolio Manager.

“We are thrilled to have such strong, homegrown talent in a role that will evaluate strategic opportunities and help guide the future of WSFS,” Bacci continued.

About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of September 30, 2024, WSFS Financial Corporation had $20.9 billion in assets on its balance sheet and $87.2 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust ^® , The Bryn Mawr Trust Company of Delaware, Cash Connect ^® , NewLane Finance ^® , Powdermill ^® Financial Solutions, WSFS Institutional Services ^® , WSFS Mortgage ^® , and WSFS Wealth ^® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241218029155/en/

Media Contact:

Andrew Davison

(215) 309-1064

adavison@wsfsbank.com

Source: WSFS Financial Corporation

FAQ

What is Owen Mathews' new role at WSFS Financial ?

Owen Mathews has been appointed as Senior Vice President, Corporate Development Officer at WSFS Financial , responsible for driving growth through mergers and acquisitions, strategic partnerships, and joint ventures.

How long has Owen Mathews been with WSFS before this appointment?

Owen Mathews has been with WSFS for nearly 18 years, most recently serving as Senior Vice President and Investment Portfolio Manager.

Who will Owen Mathews report to in his new position at WSFS?

Owen Mathews will report to Arthur Bacci, Executive Vice President and Chief Operating Officer of WSFS.

What are the main responsibilities of WSFS's new Corporate Development Officer?

The Corporate Development Officer will be responsible for helping drive growth and expansion through mergers and acquisitions, strategic partnerships, joint ventures, and other growth-related initiatives.