WSFS Financial Corporation (Nasdaq: WSFS) (“WSFS”), the parent company of WSFS Bank, has completed the acquisition of Beneficial Bancorp, Inc. and its primary subsidiary, Beneficial Bank, and is now operating as one Company.  With the acquisition finalized, WSFS has approximately $13 billion in assets and is the largest, premier, locally-headquartered bank in the Greater Delaware Valley.

[uam_ad id=”54865″]

“We are strengthening our Bank by bringing together the talents of Beneficial and WSFS Associates, and our Customers and communities will benefit from their combined knowledge, expertise and commitment to serve,” said Rodger Levenson, WSFS’ President and Chief Executive Officer. “As we grow in a top 10 market in a very healthy way, we remain dedicated to serving together our Customers, neighbors, and community partners of the Greater Delaware Valley.”

Beneficial Customer relationships will continue business as usual until the banks’ systems are integrated and Beneficial banking offices are rebranded as WSFS Bank, which is anticipated to occur in late August 2019. Both banks’ Customers, however, have immediate and free access to the combined WSFS and Beneficial ATM network of nearly 500 ATMs, the largest in the Greater Delaware Valley.

For more information, Customers and WSFS’ community partners and friends can visit wsfsbank.com/beneficial.

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 and the Delaware Valley. As of December 31, 2018, WSFS Financial Corporation had $7.2 billion in assets on its balance sheet and $19.0 billion in assets under management and administration. WSFS operates from 76 offices located in Delaware (45), Pennsylvania (29), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Wealth Investments, Cypress Capital Management, LLC, West Capital Management, Powdermill Financial Solutions, Cash Connect®, WSFS Mortgage and Arrow Land Transfer. Serving the Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit wsfsbank.com.

[uam_ad id=”54875″]