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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 Bank has announced a $200,000 donation to assist local small businesses affected by the pandemic. The funds will go through local community development financial institutions (CDFIs) and will aid businesses with annual revenues under $500,000 that have faced negative impacts from COVID-19. Additionally, WSFS managed over 5,000 Paycheck Protection Program loans totaling nearly $1 billion, supporting approximately 100,000 employees in the region. The WSFS Community Foundation has also previously provided $300,000 in grants to nonprofits battling COVID-19.
WSFS Bank, a subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced the promotion of Jim Wechsler to Senior Vice President and Chief Retail Lending Officer, effective immediately. Wechsler will oversee various lending sectors, including consumer and small business lending, replacing retiring Glenn Kocher. With over a decade at WSFS, Wechsler has played a pivotal role in acquisitions and strategic initiatives. WSFS Financial Corporation boasts $12.3 billion in assets and operates 116 offices across several states, providing comprehensive financial services since 1832.
WSFS Mortgage's regional study reveals that 56% of Delaware and Greater Philadelphia residents are interested in buying a home this summer and fall despite fears associated with the process. Conducted with 1,007 respondents, the study highlights that while 83% feel confident about mortgage acquisition, anxiety persists, particularly among young Millennials and Gen Z, with 86% experiencing some level of stress. The impact of COVID-19 has shifted buyer confidence as 64% reported changes to their homebuying plans. Notably, personalized service is preferred over online platforms, with 85% wanting a personal guide through the mortgage process.
The WSFS Mortgage Regional Study reveals that 56% of Delaware and Greater Philadelphia residents are interested in buying a home this summer and fall despite anxiety regarding the process. Conducted with 1,007 participants, the study highlights that 83% feel knowledgeable about mortgages, yet 86% express anxiety, particularly about finding the right home and financing. COVID-19 has impacted 64% of respondents' plans, but 75% cite low interest rates as a driving factor for purchases. The preference for personalized services over online options is noted, especially among younger generations.
WSFS Bank has been recognized on Forbes’ World’s Best Banks list, ranking 21st in the U.S. This marks the first time WSFS has made this global list. The ranking is based on a survey of over 40,000 banking customers regarding their satisfaction with banks, including attributes like trust, fees, and digital services. WSFS Bank has a robust presence in the Greater Philadelphia and Delaware region, boasting $12.3 billion in assets and $21.1 billion in assets under management as of March 31, 2020. The Bank continues to emphasize its commitment to local customer service.
WSFS Financial Corporation will participate in the Boenning & Scattergood Virtual Community Bank Conference on June 10, 2020. The event features Rodger Levenson, Chairman and CEO, presenting at 2:00 p.m. EDT, followed by a Q&A session with key executives. WSFS will showcase its 1Q 2020 Investor Presentation, available on its website. As of March 31, 2020, WSFS had $12.3 billion in assets and $21.1 billion under management. Operating from 116 offices, WSFS Bank provides various financial services, serving the Delaware Valley since 1832.
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