updated 10/26/2010 11:46:15 AM ET 2010-10-26T15:46:15

WILMINGTON, Del., Oct. 26, 2010 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that Henrietta Belcher-Stack, Assistant Vice President of Reverse Mortgage, received the first Certified Reverse Mortgage Professional (CRMP) designation. The CRMP designation was created by an Independent Certification Committee comprising of members from the National Reverse Mortgage Lenders Association (NRMLA) that administer the program, while working in conjunction with Professional Testing, Inc.

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Each of the nine designees were required to have a minimum of two years of experience in the reverse mortgage business and close at least 50 loans; take 12 hours of continuing education courses, as well as NRMLA's three-hour ethics course, pass a background check and sit through a three-hour exam. The certification is valid for three years, during which time designees must sit for an additional 12 hours of continuing education per year to be re-certified.

"I congratulate Henri as an inaugural designee as she has demonstrated a deep understanding of the product and a dedication to continually use ethical lending practices with our Customers," said Trish Kauker, Vice President, WSFS Reverse Mortgage.

The CRMP designees will be honored at the NRMLA's annual conference which will take place November 3-5, 2010 at the Roosevelt Hotel in New Orleans, LA. In addition to her honor, Ms. Belcher-Stack will speak on a Reverse Mortgage panel at the conference regarding corporate responsibility and ethics. WSFS Bank has been the number one Reverse Mortgage lender in the state of Delaware since April 2009.

About WSFS Financial Corporation

WSFS Financial Corporation is a $3.8 billion financial services company. Its primary subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank), operates 40 banking offices located in Delaware (35), Pennsylvania (4) and Virginia (1). WSFS Bank provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries include WSFS Investment Group, Inc. and Montchanin Capital Management, Inc. Serving the Delaware Valley since 1832, WSFS 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 .

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