WSFS Financial Corporation (WSFSL) is a bank holding company that operates through its wholly-owned subsidiary WSFS Bank. Founded in 1832, WSFS Bank is one of the oldest and largest banks in the United States. Headquartered in Wilmington, Delaware, the bank offers a range of financial services including personal banking, business banking, and wealth management.
As of my latest information, the market capitalization of WSFS Financial Corporation was approximately $2.75 billion.
WSFS Bank operates through a network of more than 90 offices located throughout Delaware, Pennsylvania, and Virginia. The bank offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. It also provides a range of lending products, including home equity loans, personal loans, and mortgages.
WSFS Bank's business banking division offers a variety of services to businesses, including cash management, merchant services, and online banking. The bank's wealth management division provides a range of investment and financial planning services to individuals and businesses.
In recent years, WSFS Financial Corporation has grown through a number of strategic acquisitions. In 2019, the bank acquired Beneficial Bancorp, Inc., which added approximately $5.6 billion in assets to the company. In 2021, WSFS Financial Corporation announced plans to merge with Bryn Mawr Bank Corporation in a deal valued at approximately $976 million.
Overall, WSFS Financial Corporation is a well-established bank holding company that offers a range of financial services to individuals and businesses. With a strong presence in the Mid-Atlantic region of the United States and a history dating back to 1832, WSFS Bank is a trusted and reliable financial institution for its customers.
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