24 Facts About WSFS Bank

In 1995, WSFS Bank opened its first branch in Kent County since the 1991 closings in the Dover Metro Supermarket.

WSFS Bank has the largest ATM network in Delaware and one of the largest branded ATM networks in the Greater Delaware Valley.

In 2007, WSFS Bank moved its corporate headquarters from 838 N Market Street, Wilmington, Delaware, where it had resided since 1885, to 500 Delaware Avenue.

WSFS Bank steered through the Great Recession and came out stronger than before.

In 2010, WSFS Bank began to expand further into southeastern Pennsylvania with the relocation of its Glen Mills branch.

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Additionally, the WSFS Bank brand was introduced in New Jersey in August 2019 when former Beneficial Bank branches were rebranded as WSFS Bank.

In 2021, WSFS Bank was named a "Top Workplace" for the 15th year in a row by The News Journal.

In 2022, WSFS Bank won the Gallup Exceptional Workplace Award for the sixth time and in 2020 had been named winner of the Gallup Culture Transformation Award.

Also in 2021, WSFS Bank was named a "Top Workplace" by The Philadelphia Inquirer for the seventh consecutive year.

Cash Connect, a division of WSFS Bank, is a provider of ATM vault cash and smart safe cash logistics services in the United States.

Cash Connect operates more than 600 ATMs for WSFS Bank, which has the largest branded ATM network in Delaware.

WSFS Institutional Services, a division of WSFS Bank, offers owner and indenture trustee services for asset-backed securities, indenture trustee for corporate debt issuances, administrative and collateral agent for the leveraged loan market, as well as custody, escrow, verification agent and independent director services.

WSFS Mortgage, a division of WSFS Bank, is a leading mortgage lender providing a wide range of mortgage programs in the Delaware Valley and nationally.

NewLane Finance, a division of WSFS Bank, is a commercial equipment finance company.

WSFS Bank began a series of acquisitions in 2004 when it acquired Cypress Capital Management, a registered investment advisor with a primary market segment of high net worth individuals offering a balanced investment style focused on current income and preservation of capital.

In 2013, WSFS acquired Array Financial Group, Inc, a Delaware Valley mortgage banking company and a related entity, Arrow Land Transfer Company, an abstract and title company.

Also in 2013, WSFS announced the acquisition of The First National Bank of Wyoming and was granted approval by the OCC in June 2014 to complete the purchase of the bank, which was headquartered in Wyoming, Delaware.

Alliance WSFS Bank had eight branches and reported approximately $421 million in assets, $310 million in loans and $345 million in deposits as of December 2014.

In November 2015, WSFS announced it would acquire Penn Liberty Bank, headquartered in Wayne, Pennsylvania.

WSFS Bank grew to more 70 offices including 24 locations in southeastern Pennsylvania, significantly strengthening WSFS' market position in that region.

Also in August 2016, WSFS Bank acquired Powdermill Financial Solutions, LLC Powdermill is a multi-family office located in Wilmington, Delaware and serves an affluent clientele in the local community and throughout the United States.

WSFS Bank announced in October 2016 that it acquired Philadelphia-based West Capital Management.

In March 2021, WSFS announced the acquisition of Bryn Mawr Bank Corporation for $976.

WSFS Bank is a member of the Federal Deposit Insurance Corporation, and is an Equal Housing Lender.