updated 6/6/2011 4:45:52 PM ET 2011-06-06T20:45:52

WILMINGTON, Del., June 6, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that it has broken ground on a new banking office at Suburban Plaza in Newark, Delaware. Scheduled to open in late September 2011, the West Newark branch will be conveniently located at the intersection of Elkton Road (Delaware Route 2) and Christiana Parkway (Delaware Route 4). This premier location will help to better serve the community of Newark, providing an additional convenient banking location for the Customers of WSFS' bustling College Square branch as well as the students, faculty, and staff of the University of Delaware and the residents of the City of Newark. 

"We are thrilled to open a new branch in West Newark, a site that has long been on our radar for expansion," said Richard M. Wright, Executive Vice President of Retail Banking & Marketing for WSFS Bank. "As Delaware's oldest locally-managed banking institution, we pride ourselves on offering our Customers an innovative, wide-range of banking services and look forward to better serving the residents and businesses in Newark."

Managed by Carol Bindle, an 18-year WSFS Associate with branch opening experience, the West Newark location will feature a new branch design. This universal Associate model focuses on providing enhanced stellar service with cross-functional personal bankers able to assist all Customers. It will be the second of its kind in New Castle County, replicating the design of the Branmar branch in North Wilmington. The West Newark branch office will include a coffee bar, community conference room, drive-up teller and ATM.

The West Newark branch will also offer extended banking hours. The Bank will be open Monday — Thursday 9 a.m. — 6 p.m., Friday 9 a.m. — 7 p.m. and Saturday 9 a.m. — 3 p.m. The drive-up opens at 8 a.m. Monday – Friday and at 9 a.m. on Saturday. In addition, WSFS has the largest ATM network in the state of Delaware with nearly 400 ATMs offering 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 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 .

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.

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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