Beneficial Bank

WSFS Receives Moody’s Baa2 Issuer Rating with a Positive Outlook; Rating Reinforces Strength of Business Model and Successful Acquisition Integrations

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Thursday, October 6, 2022

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WILMINGTON, Del., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Moodys Investors Service assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) (WSFS or the Company) with an issuer rating of Baa2 with a Positive Outlook.

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WILMINGTON, Del., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Moodys Investors Service assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) (WSFS or the Company) with an issuer rating of Baa2 with a Positive Outlook.
Moodys has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2 and Counterpart Risk Ratings (local and foreign currency) of Baa1/Prime-2.
We believe this strong rating recognizes our diversified business model, solid asset quality performance, sound underwriting, and healthy returns.
We also expect the Moodys rating will support new fee opportunities for our Wealth and Trust segment, said WSFS Executive Vice President and Chief Financial Officer, Dominic C. Canuso.

Photo Release -- WSFS Bank Names Shari Kruzinski to Executive Vice President, Chief Customer Officer

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Monday, October 18, 2021

WILMINGTON, Del., Oct. 18, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Shari Kruzinski has been named Executive Vice President, Chief Customer Officer (CCO) reporting to Rodger Levenson, Chairman, President and CEO.

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WILMINGTON, Del., Oct. 18, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Shari Kruzinski has been named Executive Vice President, Chief Customer Officer (CCO) reporting to Rodger Levenson, Chairman, President and CEO.
In her new role, she will lead the Banks Customer division including Customer Experience and enterprise-wide Customer initiatives.
Shari is a respected leader with more than 30 years experience in banking and at WSFS, said Levenson.
Kruzinski was integral in the integrations of First National Bank of Wyoming, Alliance Bank, Penn Liberty Bank, and Beneficial Bank into WSFS Bank and is one of the executives leading WSFS current combination with Bryn Mawr Trust.

WSFS Bank Receives OCC Approval to Merge with BMTC

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Monday, July 26, 2021

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WILMINGTON, Del., July 26, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced it received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation (NASDAQ: BMTC).

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WILMINGTON, Del., July 26, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced it received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation (NASDAQ: BMTC).
We are pleased to receive this timely approval of our merger application from the OCC, said Rodger Levenson, WSFS Chairman, President and CEO.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.
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.

WSFS Financial Corporation Announces Second Quarter 2021 Earnings Release Date and Conference Call

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Thursday, July 8, 2021

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WILMINGTON, Del., July 08, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business Thursday, July 22, 2021.

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WILMINGTON, Del., July 08, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business Thursday, July 22, 2021.
Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on Friday, July 23, 2021.
WSFS Financial Corporation is a multi-billion-dollar financial services company.
As of March31, 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 and BMTC Receive Stockholder Approval to Combine

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Thursday, June 10, 2021

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and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective stockholders approved the previously announced merger ofBMTC into WSFS at a special meeting of stockholders for each company.

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and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective stockholders approved the previously announced merger ofBMTC into WSFS at a special meeting of stockholders for each 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 March31, 2021, WSFS Financial Corporation had $14.7 billion in assets on its balance sheet and $24.7 billion in assets under management and administration.
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.

Photo Release -- WSFS and BMTC Receive Stockholder Approval to Combine

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Thursday, June 10, 2021

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and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective stockholders approved the previously announced merger ofBMTC into WSFS at a special meeting of stockholders for each company.

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and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective stockholders approved the previously announced merger ofBMTC into WSFS at a special meeting of stockholders for each company.
Subject to required regulatory approvals and the satisfaction of other conditions, the parties expect to close the merger in the fourth quarter of 2021.
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 March31, 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 Announces Formation of WSFS CARES Foundation to Further Bolster Community Support

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Wednesday, June 9, 2021

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WILMINGTON, Del., June 09, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced the merging of the WSFS Foundation and the WSFS Community Foundation to form the WSFS CARES Foundation.

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WILMINGTON, Del., June 09, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced the merging of the WSFS Foundation and the WSFS Community Foundation to form the WSFS CARES Foundation.
The WSFS Foundation, founded in 2003, was the philanthropic arm of WSFS Financial Corporation, while the WSFS Community Foundation, previously the Beneficial Bank Foundation, was founded in 2007, and joined WSFS as part of the acquisition of Beneficial Bank.
The formation of the WSFS CARES Foundation will further enhance our efforts to improve our Communities and to promote inclusion and diversity.
The WSFS CARES Foundation brings WSFS mission of We Stand for Service to life across the communities we serve.

Photo Release -- WSFS Bank Announces Promotion of Shari Kruzinski to Executive Vice President

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Thursday, April 29, 2021

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b'WILMINGTON, Del., April 29, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Shari Kruzinski has been named Executive Vice President, Director of Retail Delivery.

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b'WILMINGTON, Del., April 29, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Shari Kruzinski has been named Executive Vice President, Director of Retail Delivery.
Her promotion is part of robust succession planning and WSFS\xe2\x80\x99s focus on talent development throughout our organization.\xe2\x80\x9d\nKruzinski started in 1989 at WSFS as a floating teller.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.
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.

WSFS Bank Associates and Their Children Volunteer Across the Region for Take Your Children to the Community Day

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Tuesday, April 27, 2021

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Volunteers cleared out a Meet and Greet room, moved bags of food and litter into our new food pantry pod.

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Volunteers cleared out a Meet and Greet room, moved bags of food and litter into our new food pantry pod.
WSFS has blessed the UPM community through support in funding with grants and volunteering for our Make a Difference Service Weeks.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.
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.

Affordability, Location and Lifestyle Remain Key Drivers for Homebuyers, But Most Fear a Middle-Class Pricing Squeeze, New WSFS Mortgage Regional Study Finds

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Wednesday, March 3, 2021

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And while only 25% of current Philadelphia residents plan to buy in the City, the overall interest among younger generations indicates Philadelphia is an option.

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And while only 25% of current Philadelphia residents plan to buy in the City, the overall interest among younger generations indicates Philadelphia is an option.
Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the GreaterPhiladelphiaregion.
As ofDecember 31, 2020,WSFS Financial Corporation had$14.3 billionin assets on its balance sheet and$24.2 billionin assets under management and administration.
Serving the GreaterDelaware Valleysince 1832,WSFS Bank is one of the ten oldest banks inthe United Statescontinuously operating under the same name.