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 (Nasdaq: WSFS) is a multibillion-dollar financial services company and the parent of WSFS Bank, which it describes as the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. This news page aggregates company-issued updates, giving readers a single place to review recent announcements and disclosures about WSFS and its banking and wealth management activities.
Visitors to this page can find earnings-related news, including press releases that WSFS files and furnishes via Form 8-K to report quarterly results and provide earnings release supplements and investor presentations. These items offer insight into the company’s financial condition and the information management presents to investors and analysts.
The feed also includes capital markets announcements, such as the company’s public offering of 5.375% Fixed-to-Floating Rate Senior Unsecured Notes due 2035 and related pricing and completion updates. These releases describe the terms of the notes, the intended use of proceeds and the associated SEC registration materials.
In addition, readers can see corporate governance and leadership news, for example the appointment of a new member to the WSFS Board of Directors, as well as community and philanthropic updates from the WSFS CARES Foundation. Recent items highlight grants to organizations focused on affordable housing, food insecurity and family homelessness, along with information about associate volunteer efforts such as We Stand for Service Day.
By reviewing this news page regularly, investors and other interested parties can follow WSFS Financial Corporation’s official communications on financial performance, capital raising, board composition and community initiatives, all sourced from company press releases and related disclosures.
WSFS Financial Corporation (Nasdaq: WSFS) announced it will report its fourth quarter earnings on January 25, 2021, after market close. Management will host a conference call on January 26, 2021, at 1:00 p.m. EDT for a review of the results. Interested listeners can join by calling 1-877-312-5857 with conference ID # 7570483. A rebroadcast will be available from 4:00 p.m. EDT on January 26, 2021, until February 6, 2021. As of September 30, 2020, WSFS had $13.8 billion in assets and $23.1 billion in assets under management.
WSFS Bank announced the expansion of its Commercial Banking team in Greater Philadelphia by adding three new Commercial Lending Relationship Managers: Kimberly Godshall, Duane Lacsamana, and Scott Woll, Jr. Their onboarding is part of WSFS's strategic investment aimed at bolstering economic growth in the region. With a wealth of experience from Wells Fargo, each brings strong expertise in commercial banking and client management.
WSFS Financial Corporation currently manages $13.8 billion in assets and operates 115 offices across multiple states.
WSFS Financial Corporation has successfully closed a public offering of $150 million in Fixed-to-Floating Rate Senior Notes due 2030, with a historically low initial coupon of 2.75%. The Notes will pay interest at a fixed rate until December 2025, after which it will adjust quarterly based on a benchmark rate plus 248.5 basis points. The proceeds will be used for general corporate purposes, including financing growth and repurchasing common stock. WSFS maintains an A- Kroll senior debt rating, reflecting strong investor support and confidence in its growth strategy.
WSFS Bank has appointed William Coffey as the new Senior Vice President and Chief Technology Officer (CTO). Coffey, who brings over 19 years of experience from Vanguard, will lead enterprise technology strategies and enhance the Bank’s infrastructure and application development. His role aims to support WSFS’s growth and modernization initiatives, particularly the Delivery Transformation initiative. As of September 30, 2020, WSFS Financial Corporation reported $13.8 billion in assets and operates 115 offices across multiple states.
WSFS Financial Corporation (Nasdaq:WSFS) has announced a public offering of Fixed-to-Floating Rate Senior Notes totaling $150 million. The Notes will feature a fixed interest rate of 2.75% until December 15, 2025, after which the rate will switch to a floating rate based on Three-Month Term SOFR plus 248.5 basis points. Proceeds will support various corporate purposes including financing growth and stock repurchases. The offering is set to close on December 8, 2020, pending standard conditions.
WSFS Financial Corporation has appointed Nancy J. Foster to its Board of Directors, effective November 23, 2020. Foster, currently President and CEO of The Risk Management Association, brings extensive experience in commercial banking and risk management. She will also serve on the Board's Executive Committee and stand for election at the 2021 Annual Meeting of Stockholders. This appointment reflects WSFS's commitment to board refreshment, aimed at enhancing strategic growth and bringing new perspectives to the leadership team.
WSFS Bank, a subsidiary of WSFS Financial Corporation, has promoted four Associates to Senior Vice President, enhancing its leadership team. The promoted individuals include Alex Lyden-Horn, Robert Matsko, Glen Outten, and Christina Weible, each bringing substantial experience in their respective roles. The company, known for its significant growth, emphasizes investing in talent development and strong community involvement. As of September 30, 2020, WSFS Financial had $13.8 billion in assets and operates 115 offices across multiple states, continuing its legacy as a trusted financial institution since 1832.
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the D.A. Davidson Mid-Atlantic/Midwest Bank Conference on November 17, 2020. Key executives, including Chairman Rodger Levenson and CFO Dominic C. Canuso, will engage in one-on-one meetings with analysts and investors. Additionally, WSFS will present its 3Q 2020 Investor Presentation, available on its website. As of September 30, 2020, WSFS reported $13.8 billion in assets and $23.1 billion in assets under management. Founded in 1832, WSFS Bank is a prominent financial services provider in the Delaware and Philadelphia regions.
WSFS Bank recently conducted a survey revealing that 64% of businesses in the Greater Philadelphia region view COVID-19 resurgence as their biggest challenge. Despite this, 54% report being well-positioned for future growth, with minority-owned businesses particularly optimistic (56% expect revenue increases). Operational changes during the pandemic led to lower costs and efficient marketing for 54% of respondents. However, 53% cited employee health as a major concern, and nearly one-third faced layoffs. Overall, business leaders remain confident, with 89% believing they can withstand further challenges.
WSFS Financial Corporation (Nasdaq: WSFS) will take part in the virtual Piper Sandler East Coast Financial Services Conference on November 9, 2020. Key executives, including Chairman and CEO Rodger Levenson and CFO Dominic C. Canuso, will engage in one-on-one meetings with analysts and investors. Additionally, WSFS plans to present its 3Q 2020 Investor Presentation, accessible on their Investor Relations website. As of September 30, 2020, WSFS reported $13.8 billion in assets and $23.1 billion in assets under management.