WSFS Bank Opens Edgmont Branch in Newtown Square, Pennsylvania

/ Source: GlobeNewswire

WILMINGTON, Del., June 20, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the opening of a new banking office located at 5000 West Chester Pike in Newtown Square, PA 19073. The new Edgmont branch, WSFS Bank's fifth Pennsylvania location, is a full-service banking office and features extended banking hours, drive-up teller and ATM.

"We are deeply committed to our expansion in Pennsylvania and thrilled to open our second branch in Delaware County," said Rick Wright, Executive Vice President of Retail Banking & Marketing for WSFS Bank. "The Edgmont Branch is a testament to our dedication in the region and promise of delivering stellar service to the residents and businesses of southeastern Pennsylvania."

The new Edgmont location features a new branch design, which focuses on providing enhanced service with cross-functional personal bankers able to assist all Customers. The WSFS Edgmont banking office is open Monday through Thursday 9 a.m. to 6 p.m., Friday 9 a.m. to 7 p.m. and Saturday 9 a.m. to 3 p.m. The drive-up opens at 8 a.m. Monday through Friday and at 9 a.m. on Saturday.

"We are pleased with WSFS's commitment to our residents," said William "Chip" Mackrides, Board of Supervisors member.  "We find that commitment consistent with our wish that only quality businesses who recognize the importance of providing superior service to the needs of Edgmont residents locate in our community."

In celebration of the opening, WSFS Edgmont's Associates will be handing out "Dilly Bars" to all Customers who visit the branch during the first few weeks in honor of the site's former tenant, Dairy Queen. A formal grand opening celebration is planned for Saturday, July 23 from 11 a.m. to 3 p.m. 

WSFS currently has four additional offices in Pennsylvania including West Chester, Glen Mills, Longwood and Oxford. WSFS Bank's sixth Pennsylvania location in Media will be opening later this month.  Of the nearly 400 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 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 46 offices located in Delaware (38), Pennsylvania (6), 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 .

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 CPP 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