Welcome to our dedicated page for Wsfs Finl news (Ticker: WSFS), a resource for investors and traders seeking the latest updates and insights on Wsfs Finl stock.
WSFS Financial Corporation (WSFS) maintains this dedicated news hub for investors and stakeholders tracking its community banking, cash logistics, and wealth management developments. Access official press releases and curated updates covering strategic initiatives across all business segments.
This resource provides essential information about WSFS Bank's regional operations, Cash Connect's cash management innovations, and Wealth Management's advisory services. Find timely updates on financial results, leadership changes, and community partnership announcements.
Key content includes earnings reports, merger activity, technology implementations, and regulatory filings. Our editorial team verifies all information directly from WSFS sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to WSFS's latest developments. For comprehensive understanding of the company's 190-year legacy in financial services, combine these updates with our detailed WSFS Financial Corp profile.
WSFS Financial Corporation announces the retirement of Mark A. Turner from its Board after 15 years of service, effective May 11, 2022. Turner has been with the company since 1996 and served as Chairman, President, and CEO. This transition marks the conclusion of a long-term succession plan for the leadership of WSFS. The Annual Meeting of Stockholders will take place virtually, with stockholders eligible to participate if they register in advance.
As of December 31, 2021, WSFS Financial Corporation reported $15.8 billion in assets and $34.6 billion in assets under management.
WSFS Financial Corporation (NASDAQ: WSFS) has successfully completed the brand conversion and systems integration of Bryn Mawr Trust into WSFS Bank, enhancing banking services for former Bryn Mawr clients. All bank accounts have transitioned to WSFS, providing access to 94 retail locations and over 600 ATMs. As part of a consolidation plan, 34 offices have closed to streamline operations. WSFS maintains approximately $20 billion in assets and aims to leverage local expertise in wealth management with around $58 billion in assets under management.
WSFS Bank has promoted 12 Associates to Senior Vice President (SVP) roles, highlighting its commitment to leadership development. The new SVPs come from various departments including Corporate Communications, Talent Acquisition, and Loan Production. Executive Vice President and Chief Human Resources Officer Michael L. Conklin commended their growth and contributions to the company’s success. As of December 31, 2021, WSFS Financial Corporation boasts $15.8 billion in assets and operates 112 offices across several states, emphasizing its strong position in the financial services sector.
WSFS Financial Corporation announced the appointment of Christine E. Davis as Executive Vice President, Chief Risk Officer, succeeding Michael Reed, who returns to Covington & Burling, LLP. With over 20 years at WSFS, Davis will lead all risk management functions. John E. Kveragas, Jr. has been named Senior Vice President, Chief Auditor, bringing 20 years of auditing experience. The changes reflect WSFS's commitment to executive succession planning and talent development within the company.
WSFS Financial Corporation has appointed Stephanie Saint-Cyr as the new Senior Vice President and Director of Wealth Advisory Services in Princeton, N.J. She will report to Jennifer Dempsey Fox, President of Bryn Mawr Trust Wealth Management. Saint-Cyr, a seasoned professional with over two decades of experience, will lead wealth advisors and enhance client relationships. With $15.8 billion in assets and $34.6 billion in assets under management, WSFS continues to solidify its position in the financial services sector.
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the 2022 KBW Winter Financial Services Symposium on February 17, 2022, in Boca Raton, Florida. The event will feature discussions led by Rodger Levenson, Chairman, President, and CEO, along with Dominic C. Canuso, CFO. Investors can access the current Investor Presentation through the Investor Relations section of WSFS’ website. As of December 31, 2021, WSFS Financial had $15.8 billion in assets and $34.6 billion in assets under management, operating from 112 offices in the Greater Delaware Valley.
On February 1, 2022, WSFS Bank announced the promotion of three Associates within its Commercial, Small Business, and Retail Lending divisions. Jim Wechsler becomes Senior Vice President and COO of Commercial Banking, bringing over 11 years of experience at WSFS. Candice Caruso is now Senior Vice President and Chief Retail Lending Officer, responsible for Consumer Lending and fintech partnerships. Anthony Ryan takes on the role of Senior Vice President, leading Small Business Operations and Retail Loan Servicing. WSFS focuses on Associate growth and strategic operations.
WSFS Bank's CARES Foundation donated over $2 million in grants to 349 organizations across Delaware, New Jersey, and Pennsylvania in 2021. This philanthropic effort aims to enhance community opportunities through several key areas: community investments, affordable housing, and education. Notable beneficiaries include organizations like Good Neighbors Home Repair and UrbanPromise, emphasizing the Foundation's commitment to community support and development. WSFS Bank, founded in 1832, continues its legacy as a leading financial institution in the region.
WSFS Financial Corporation (Nasdaq: WSFS) reported its fourth quarter 2021 financial results, showing net income of $56.3 million and earnings per share of $1.18. Net interest income was $108.2 million, down from $123.0 million year-over-year. Core fee revenue increased to $46.0 million, reflecting a strong performance in fee-generating businesses. The company received final regulatory approval for its acquisition of Bryn Mawr Trust, which closed on January 1, 2022, and is expected to enhance market position. Net loan and lease portfolio decreased by $91 million from the prior quarter.
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