updated 4/15/2011 5:47:24 PM ET 2011-04-15T21:47:24

WILMINGTON, Del., April 15, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the hire of J. Paul Lynahan and Marc A. Matz. Mr. Lynahan serves as Vice President and Relationship Manager. Mr. Matz has joined the Branch Management team of the West Chester banking office. Both gentlemen serve the personal and business markets in Southeastern Pennsylvania.

J. Paul Lynahan
Paul Lynahan, Vice President and Relationship Manager




Marc A. Matz
Marc A. Matz, WSFS West Chester Branch Management Team




Photos accompanying this release are available at http://www.globenewswire.com/newsroom/prs/?pkgid=9539  and http://www.globenewswire.com/newsroom/prs/?pkgid=9540 .

Mr. Lynahan was previously at Wilmington Trust Company as Vice President and Relationship Manager of Commercial Banking. He comes to WSFS with more than 25 years of financial industry and commercial lending experience in the Pennsylvania market. Mr. Lynahan holds a Bachelor of Arts from Millersville University and serves on the Construction Financial Management Association committee, Philadelphia chapter. He resides in West Chester, Pennsylvania.

Mr. Matz joins WSFS with over 10 years of business development and branch management experience. Prior to joining the WSFS West Chester banking office, he was Branch Manager at First National Bank of Chester County. Mr. Matz graduated with a Bachelor of Science in Accounting from West Chester University and is a member of the West Chester Chamber of Commerce and the Chadds Ford Business Association. Mr. Matz is a resident of King of Prussia, Pennsylvania.

Mr. Lynahan and Mr. Matz are located in the new WSFS office at 400 E. Market Street, West Chester, Pennsylvania. 

WSFS currently has five offices in Pennsylvania including West Chester, Glen Mills, Longwood, Oxford and Blue Bell, and offices coming soon in Edgmont and Media. Of the 350 WSFS ATMs, more than 30 are located in Pennsylvania providing greater convenience and access for WSFS customers.

About WSFS Financial Corporation

WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally-managed bank and trust company headquartered in Delaware with $4.0 billion in assets on its balance sheet and $7.5 billion in trust assets under administration. WSFS has 43 offices located in Delaware (36), Pennsylvania (5), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com .

Forward Looking Statements

Statements contained in this news release which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which are based on various assumptions (some of which may be beyond the Company's control) are subject to risks and uncertainties and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those related to the economic environment, particularly in the market areas in which the Company operates; the volatility of the financial and securities markets, including changes with respect to the market value of its financial assets; changes in government regulation affecting financial institutions and potential expenses associated therewith; changes resulting from the Company's participation in the U.S. Treasury's Capital Purchase Program including additional conditions that may be imposed in the future on participating companies; and the costs associated with resolving any problem loans; and other risks and uncertainties, discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

The photos are also available via AP PhotoExpress.

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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