updated 12/16/2010 11:46:36 AM ET 2010-12-16T16:46:36

WILMINGTON, Del., Dec. 16, 2010 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that Joseph C. Walker has joined WSFS as Senior Vice President and Manager of Commercial Real Estate Lending.

Joseph C. Walker, Senior Vice President and Manager of Commercial Real Estate Lending




A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8482

Mr. Walker joins WSFS with over 30 years of banking and commercial real estate experience. He most recently worked for National Penn Bank as Executive Vice President, Director of Commercial Real Estate Lending.

In his new role, Mr. Walker will direct the commercial real estate lending activities in Delaware and Pennsylvania. He will be located in the WSFS Bank headquarters at 500 Delaware Avenue, Wilmington, Delaware.

"We are excited that Joe has joined the WSFS Commercial Real Estate team. His depth and breadth will add tremendous value to WSFS," said Rodger Levenson, Executive Vice President and Director of Commercial Banking.

Mr. Walker graduated Magna Cum Laude from the University of Pennsylvania Wharton School with a Bachelor of Science in Management and Marketing. He attended the Southern Methodist University - National Graduate School of Real Estate and the American Institute of Banking. Mr. Walker is a member of the Union League of Philadelphia and a former member of the Building Industry Association of Philadelphia and the Boyertown Rotary Club.  

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), is Delaware's oldest, locally-managed bank and trust company headquartered in Delaware and has $7 billion in assets under management or administration. WSFS operates 42 banking offices located in Delaware (35), Pennsylvania (5), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and wealth management through its Christiana Trust division. 

Other subsidiaries or divisions include WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect, a leading provider of ATM vault cash in North America. 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.

This photo is also available via AP PhotoExpress.

CONTACT:  WSFS Financial Corporation
          Stephanie A. Heist
          (302) 571-5259
          sheist@wsfsbank.com

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