WSFS Financial Corporation to Hold 2022 Annual Meeting Virtually on May 11

Rhea-AI Summary

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.

Positive

• Mark A. Turner's 15 years of service contributes to company stability.
• WSFS maintains a strong asset base with $15.8 billion in assets.

Negative

• None.

In the next phase of succession planning, Mark A. Turner steps aside from WSFS Board after 15 years of dedicated board service

WILMINGTON, Del., March 28, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”), the parent company of WSFS Bank, announced that it will host its 2022 Annual Meeting of Stockholders virtually at 4 p.m. EDT on May 11, 2022. Stockholders at the close of business on the record date, March 18, 2022, are entitled to attend the Annual Meeting.

In addition, this will be the last Annual Meeting for Mark A. Turner as a WSFS Board Member. He has been with WSFS since 1996 and served on the Board of Directors from 2007 to 2022. This represents the final step in WSFS’ long-planned CEO succession. As former Chairman, President and CEO, Turner’s business decisions, entrepreneurial approach and leadership style will be positively felt at WSFS for years to come.

In order to attend the Annual Meeting, stockholders must register in advance at http://viewproxy.com/wsfs/2022/htype.asp by 11:59 p.m. EDT on May 8, 2022. On the day of the meeting, stockholders must click the link provided and use the password they received in their registration confirmation. WSFS encourages stockholders to vote and submit their proxies in advance of the meeting by one of the methods described in the proxy materials.

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 December 31, 2021, WSFS Financial Corporation had $15.8 billion in assets on its balance sheet and $34.6 billion in assets under management and administration. WSFS operates from 112 offices, 89 of which are banking offices, located in Pennsylvania (52), 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, 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. 

Investor Relations Contact: Dominic C. Canuso

(302) 571-6833

dcanuso@wsfsbank.com

Media Contact: Rebecca Acevedo

(215) 253-5566

racevedo@wsfsbank.com

 

FAQ

What is the significance of Mark A. Turner's retirement from WSFS?

Mark A. Turner's retirement marks the end of a successful 15-year tenure on the WSFS Board, signifying a planned transition in leadership.

When is the WSFS Annual Meeting of Stockholders scheduled?

The WSFS Annual Meeting of Stockholders is set for May 11, 2022, at 4 p.m. EDT.

How can stockholders participate in the WSFS Annual Meeting?

Stockholders must register in advance by May 8, 2022, to attend the Annual Meeting virtually.

What are WSFS Financial Corporation's assets as of December 31, 2021?

As of December 31, 2021, WSFS Financial Corporation reported $15.8 billion in assets.

How long has Mark A. Turner been associated with WSFS?

Mark A. Turner has been with WSFS since 1996, serving on the Board from 2007 to 2022.