WSFS Bank Promotes Six Associates to Senior Vice President Positions

Rhea-AI Summary

WSFS Bank, a subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has promoted six Associates to Senior Vice President (SVP) roles. The newly appointed SVPs include Pamela Peters Arms, Douglas Blackman, Dennis Moyer, Randy Nachman, Scott Swingle, and Terence Young. This initiative, part of a succession planning strategy, aims to strengthen the bank's leadership. As of March 31, 2021, WSFS Financial Corporation reported $14.7 billion in assets and $24.7 billion in managed assets, operating across 111 locations in multiple states.

Positive

• Promotion of six Associates to Senior Vice President enhances leadership.
• Management strategy focuses on succession planning for future growth.

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• None.

WILMINGTON, Del., May 06, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of six Associates from business lines across the organization to Senior Vice President (SVP).

The following Associates have been promoted to Senior Vice President:

• Pamela Peters Arms – SVP, Relationship Manager
• Douglas Blackman – SVP, Senior Credit Officer
• Dennis Moyer – SVP, Senior Credit Officer
• Randy Nachman – SVP, Director of Mortgage Operations
• Scott Swingle – SVP, Team Lead – Business Banking
• Terence Young – SVP, Enterprise Risk Manager

“Developing our strong bench of senior leaders underpins our succession planning initiative,” said Michael L. Conklin, Executive Vice President and Chief Human Resources Officer. “These individuals, in varied roles with distinct responsibilities, have made significant contributions to the growth and success of WSFS. This group of newly appointed SVPs demonstrate the values and mission of our Company.”

About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region. As of March 31, 2021, WSFS Financial Corporation had $14.7 billion in assets on its balance sheet and $24.7 billion in assets under management and administration. WSFS operates from 111 offices, 88 of which are banking offices, located in Pennsylvania (51), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Cash Connect^®, Cypress Capital Management, LLC (Cypress), Christiana Trust Company of Delaware^®, NewLane Finance^®, Powdermill^® Financial Solutions, West Capital Management^®, 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.

Media Contact: Kyle Babcock
215-864-1795
kbabcock@wsfsbank.com

FAQ

What recent promotions were announced by WSFS Bank?

WSFS Bank announced the promotion of six Associates to Senior Vice President positions.

Who are the newly appointed SVPs at WSFS Bank?

The new SVPs are Pamela Peters Arms, Douglas Blackman, Dennis Moyer, Randy Nachman, Scott Swingle, and Terence Young.

What is the significance of the promotions at WSFS Bank?

The promotions are part of WSFS's succession planning strategy to strengthen leadership.

What are the financial highlights of WSFS Financial Corporation as of March 31, 2021?

WSFS Financial Corporation reported $14.7 billion in assets and $24.7 billion in assets under management.