WSFS Financial has extended offers to over 70 percent of Bryn Mawr Bank employees to remain with the combined company once the proposed $976 million merger goes through, writes Jeff Blumenthal for the Philadelphia Business Journal.

The majority of bank employees have accepted their new roles, which are mostly comparable to the ones they had previously.

“We think those are good numbers when you compare it to other combinations of this type around the country,” said WSFS Chief Financial Officer Dominic Canuso.

The WSFS-Bryn Mawr deal was first announced in March of 2021 and is now expected to close early in the fourth quarter. WSFS Financial is currently waiting for final approval from the Federal Reserve before finalizing the transaction.

Once the deal closes, it will create a bank with over $20 billion in assets and nearly $50 billion in assets under management. It will also have more than 2,000 employees across 89 branches.

WSFS CEO Rodger Leveson said that once approval is granted, “we’re ready to close immediately and most importantly the integration is going really, really well” with plans to convert systems in early 2022.

Read more about the WSFS Financial-Bryn Mawr merger in the Philadelphia Business Journal.