WSFS Celebrates 179th Anniversary as Oldest Bank and Trust Company Headquartered in Delaware

/ Source: GlobeNewswire

WILMINGTON, Del., Feb. 17, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced it will be celebrating its 179th Anniversary on Friday, February 18, 2011.

"It is with great pride and sincere humility that we celebrate our 179th anniversary," said Mark A. Turner, President and CEO of WSFS Bank. "As WSFS Bank expands throughout the Delaware Valley, we are more committed than ever to continue to stay true to our mission of delivering world-class service and strengthening the communities we serve."

Turner continues, "WSFS currently has a lot to celebrate. In 2011 we will open at least six new branches or offices throughout Delaware and Southeastern Pennsylvania; we will continue to provide our Customers with the largest ATM network in the area with over 380 ATMs; and we continue to hire new Associates to support our strategic growth efforts." In honor of this 179 year milestone, for a limited time, WSFS is offering a 1.79% APY* savings account.

On February 18, 1832, seven days before the City of Wilmington was chartered, WSFS opened its doors to provide a safe place for the local citizens to deposit and grow their money. 179 years later, WSFS has grown to be the oldest, and soon to be largest, full-service bank and trust company headquartered in Delaware. With its deep roots and long history, WSFS and its 700 Associates continue to serve the community and provide value to our shareholders to remain independent for the next 179 years.

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 $7.1 billion in trust assets under administration. WSFS has 42 offices located in Delaware (35), 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 one of the seventh oldest banks in the United States continuously operating under the same name. For more information, please visit

*1.79% APY (Annual Percentage Yield) available on balances of $5,000 to $999,999.99. Other tiers and APYs for this account are 0.50% APY for $1—$4,999.99 and $1,000,000 or more. Offer only available with a WSFS checking account between 2/14/11—2/19/11. Offer good for new money only. Minimum deposit to open and obtain the disclosed APY is $5,000. Federal regulations allow automatic and pre-authorized transfers on this account up to 6 per statement cycle but permits unlimited teller or ATM withdrawals. Offer may be modified or discontinued at any time without prior notice.

CONTACT: Stephanie Heist (302) 571-5259