WSFS Strengthens Commercial and Risk Leadership Teams to Support Next Phase of Growth

Rhea-AI Summary

WSFS Financial (Nasdaq: WSFS) announced key leadership promotions in its Commercial Banking and Risk teams, effective January 1, 2025. Jim Gise will become EVP, Director of Corporate & Specialty Banking and Deputy Chief Commercial Banking Officer. Liam Brickley will be promoted to EVP, Chief Credit Officer. Scott Baylis and Salvatore Patti will co-lead the Commercial and Industrial Banking group as SVPs, Directors of Commercial Banking.

The reorganization includes the renaming of Business Banking to Commercial Banking, focusing on businesses with $5-50 million in revenue and credit exposure over $3 million. These changes align with WSFS's strategy as the largest locally headquartered bank in the Greater Philadelphia and Delaware region.

Positive

• Strategic reorganization of commercial banking division to target businesses with $5-50M revenue
• Strengthened leadership structure with experienced internal promotions
• Enhanced focus on corporate and specialty banking through consolidated division

Negative

• None.

WILMINGTON, Del.--(BUSINESS WIRE)-- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today several promotions within the Commercial Banking and Risk leadership teams, effective January 1, 2025, as the Company prepares for its next phase of growth.

Jim Gise will become Executive Vice President, Director of Corporate & Specialty Banking, reporting to Jim Wechsler, Executive Vice President, Chief Commercial Banking Officer. Gise will also serve as Deputy Chief Commercial Banking Officer. He previously led Middle Market, Syndications, and Capital Markets. In his new role, Gise will continue to be responsible for those units, plus the Healthcare and Lender Finance verticals, and Equipment Finance (NewLane Finance). The combined group will be named Corporate & Specialty Banking.

Liam Brickley will be elevated to the role of Executive Vice President, Chief Credit Officer. In his role, Brickley will continue to report to Christine Davis, Executive Vice President, Chief Risk Officer and be responsible for the oversight and administration of the Bank's commercial, consumer and other credit exposures, loan policies and procedures.

Scott Baylis and Salvatore Patti will co-lead WSFS’ Commercial and Industrial Banking group, as Senior Vice Presidents, Directors of Commercial Banking, reporting to Jim Wechsler. The group, previously called Business Banking, will be named Commercial Banking and will focus on supporting local businesses with $5 million to $50 million in revenue and credit exposure of more than $3 million.

“These leadership changes are another example of our ongoing commitment to business growth, talent development and succession planning,” said Rodger Levenson, WSFS Chairman, President and CEO. “These promotions align our teams to meet the specific needs of the diverse commercial business community that makes the Greater Philadelphia and Delaware region one of the best markets in the country.” He added, “We remain focused on growing our market share and taking advantage of our unique position as the largest, locally headquartered bank and wealth franchise in the region.”

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/20241212853788/en/

Media Contact:

Andrew Davison

(215) 309-1064

adavison@wsfsbank.com

Source: WSFS Financial Corporation

FAQ

When will WSFS's new leadership appointments take effect?

The new leadership appointments at WSFS Financial will take effect on January 1, 2025.

What is the new revenue target range for WSFS's Commercial Banking division?

WSFS's Commercial Banking division will focus on supporting local businesses with $5 million to $50 million in revenue and credit exposure of more than $3 million.

Who will lead WSFS's Commercial and Industrial Banking group?

Scott Baylis and Salvatore Patti will co-lead WSFS's Commercial and Industrial Banking group as Senior Vice Presidents, Directors of Commercial Banking.

What is Jim Gise's new role at WSFS?

Jim Gise will become Executive Vice President, Director of Corporate & Specialty Banking and Deputy Chief Commercial Banking Officer, overseeing Middle Market, Syndications, Capital Markets, Healthcare, Lender Finance verticals, and Equipment Finance.

What position will Liam Brickley hold in WSFS's new structure?

Liam Brickley will be elevated to the role of Executive Vice President, Chief Credit Officer, responsible for oversight of the Bank's commercial, consumer and other credit exposures, loan policies and procedures.