Company Profile
- WSFS Financial Corporation (NASDAQ: WSFS or “the company”) is the BHC for main subsidiary, Wilmington Savings Fund Society, FSB (“WSFS Bank” or “the bank”) which was founded in 1832 and operates as one of the oldest banks in the U.S. WSFS has 88 branches primarily in the Philadelphia-Camden-Wilmington MSA, in which it reflects the leading deposit market share among locally headquartered banks.
- The growth strategy has been fairly acquisitive in recent years, with two sizable mergers closed in 2019 and 2022, which effectively doubled WSFS’ size and strengthened its market share, specifically, filling a position between national/regionals and community banks in footprint. The most recent acquisition of Bryn Mawr Bank Corporation (“BMTC”) also significantly expanded…