updated 6/6/2011 10:46:36 AM ET 2011-06-06T14:46:36

WILMINGTON, Del., June 6, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that Marvin N. "Skip" Schoenhals was awarded with the Whitney M. Young, Jr. Award from the Metropolitan Wilmington Urban League (MWUL) at their annual Equal Opportunity Day Celebration Dinner held on May 19, 2011. Mr. Schoenhals has been the Chairman of WSFS Bank since 1992 and was President and CEO from 1990 – 2007.

Lions and Legends
From Left: Deborah T. Wilson, President and CEO Metropolitan Wilmington Urban League; Marvin N. "Skip" Schoenhals, Chairman WSFS Financial Corporation; William R. Allan, Chairman of the Board, Metropolitan Wilmington Urban League and President of Verizon Delaware and Theodore Blunt, Former President, Wilmington City Council.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9793

Every year, the MWUL recognizes and honors individuals who exemplify the principles of equal opportunity and exhibit leadership qualities that result in notable contributions to the cause of equal rights. The Whitney M. Young, Jr. Award is the highest honor awarded during the organization's Annual Lions and Legends Equal Opportunity Day Celebration. The award honors Whitney M. Young, Jr, former President and CEO of the National Urban League, who served the civil rights movement by working diligently to build significant coalitions and partnerships with key decision makers in the public and private sectors. He used his influence to insure that African-Americans had a voice in these decisions. Presented to a Delawarean who works diligently to promote social and economic equality for all people, this award recognizes the recipient's leadership in building coalitions and partnerships in business, industry, government or the community in support of the Urban League's movement.

Education is one of Mr. Schoenhals' many passions. He is Chairman of Vision 2015, a broad-based Delaware coalition with the goal to make Delaware public education the best in the world by 2015. Mr. Schoenhals is also a Trustee (and former Chairman) of the Delaware Public Policy Institute, as well as a member of the Delaware Business Roundtable and chairs the Roundtables' Education Committee.

"Skip's tireless commitment to serving the community goes well beyond WSFS," said Mark A. Turner, President and CEO of WSFS Bank. "His dedication and leadership to improving Delaware's public education to world-class standards will benefit all Delawareans and Americans."

About WSFS Financial Corporation

WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware with $4.0 billion in assets on its balance sheet and $7.7 billion in trust assets under management and administration. WSFS has 45 offices located in Delaware (38), 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 .

The photo is also available via AP PhotoExpress.

CONTACT: Cortney T. Klein
         (302) 571-5253

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