BNET Industries
Market Cap:$188.5M
Last Fiscal Year Sales:$213.5M
- Public
- US
Dow Jones Description
WSFS Financial Corporation is a financial services holding company headquartered in Wilmington, Delaware. Its principal subsidiary, Wilmington Savings Fund Society, FSB (WSFS) serves the residents of the Delaware Valley from its banking offices in all three counties of Delaware, southeastern Pennsylvania and northern Virginia. Founded in 1832, WSFS is one of the ten oldest banks continuously operating under the same name in the United States. WSFS is among the largest financial institutions in the state of Delaware on the basis of total deposits traditionally garnered in-market. WSFS is known in the Delaware market for its friendly and knowledgeable Associates who act with the customer?s best interests at heart. The marketplace recognizes WSFS for its experience and expertise in providing financial services to business customers. All WSFS customers have ready access to responsive decision-makers and innovative solutions to improve their business and financial needs. WSFS provides residential and commercial real estate, commercial and consumer-lending services funded by attracting retail deposits and borrowings. WSFS also provides cash management services. The Federal Deposit Insurance Corporation insures deposits to their legal maximum. WSFS has the largest off-premise ATM network in the state of Delaware. In addition, WSFS provides wealth management and personal trust services through its division, WSFS Wealth Strategies and markets various third party insurance products and services through its subsidiary WSFS Investment Group, Inc. Other operating subsidiaries of the corporation include 1st Reverse Financial Services, LLC, a reverse mortgage company and Montchanin Capital Management, Inc. Montchanin has one wholly-owned subsidiary, Cypress Capital Management, LLC (Cypress). Cypress is a Wilmington-based investment advisory firm serving high net-worth individuals and institutions.
President, CEO & COO
Mark A. TurnerNumber of Employees 633
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Janney Montgomery Scott upgrades WSFS Financial to 'buy'
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WSFS Financial names chief investment officer for unit's wealth strategies division
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WSFS Financial Appoints John Molster As VP And Chief Investment Officer Of WSFS Bank Wealth...
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WSFS Names New Chief Investment Officer
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WSFS Reports 3rd Quarter '09 Results: Breakeven Net Income; Maintains $0.12 Quarterly Dividend
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WSFS Financial Completes $25 Mln Common Equity Raise - Quick Facts
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WSFS Completes $25 Million Common Equity Raise and Welcomes Back Director to the Board
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B. Riley & Co. LLC downgrades WSFS Financial to 'neutral'
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WSFS losses blamed on set-asides for loan defaults
News & Analysis
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wsfs financial corp. - All News and Analysis
WSFS Financial Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Yes, sir. Operator Instructions. Our first question comes from the Andy Stapp with B. Riley and Co. Andrew Stapp - B. Riley and Co. Hi guys. Mark Turner Hi Andy. Andrew Stapp - B. Riley and Co. Could you provide some color on the 6.2 million that...
WSFS Financial Q2 2009 Earnings Call Transcript
WSFS Financial Corporation WSFS Q2 2009 Earnings Call July 27, 2009 01:00 PM ET
WSFS Financial Corporation Q1 2009 Earnings Call Transcript
WSFS Financial Corporation WSFS Q1 2009 Earnings Call April 24, 2009 11:00 am ET
WSFS Financial Corporation Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from Avi Barak – Sandler O'Neil. Avi Barak – Sandler O'Neil A few questions for you, firstly, the $11 – the $9 million, excuse me that went into non-performing loans that you mentioned it's basically four loans to a...
WSFS Financial Corporation Q4 2008 Earnings Call Transcript
Earnings Call Excerpt WSFS Financial Corporation WSFS Q4 2008 Earnings Call February 4, 2009 2:00 pm ET Executives Mark Turner – Chief Executive Officer Steve Fowle – Chief Financial Officer Rodger Levenson – Executive Vice President and Director of Commercial Banking Analysts Andy Stapp – B. Riley &...
American Skandia Links With Online Bank To Pursue Planners.(Brief Article)(Statistical Data Included)
American Skandia Inc., Shelton, Conn., has teamed up with everbank, an online bank, to market products and services to financial planners and other advisers. Under the partnership, American Skandia will be the exclusive distributor of everbank's FDIC-insured Internet banking services. American Skandia sells...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mark A. Turner | President, CEO & COO |
| Alice Fredericks | Chief Investment Officer |
| Barbara J. Fischer | Chief Admin Officer & Executive Vice President |
| Joseph Blair | Division Executive Vice President, Mgmt |
| Richard M. Wright | Executive Vice President, Retail Banking |
| Cheryl Vaughan | Vice President |
| David Ferguson | Vice President |
| Dean Pletz | Vice President |
| Deborah Garber | Vice President, Business Dev |
| Mark M. Pryslak | Vice President |
| Patricia Kauker | Head, Mortgage Business & Vice President |
| William Mattern | Vice President |
| Brian Poole | Director, Retirement Plan Services |
| Cynthia A. Cole | Executive Vice President & Director, Marketing |
| Francis Lutz | Director, Private Client Services |
| Leslie Carter | Director, Trust Services |
| Peggy H. Eddens | Executive Vice President & Director, Human Capital Mgmt |
| Rodger Levenson | Executive Vice President & Director, Commercial Banking |
| Brian Gottschalk | Manager |
| J. Kruzinski | Manager |
| Lynne Schaefer | Manager |
| Stephanie Arnold | Manager, Advertising & Communications |
| Robert F. Mack | Senior Vice President & Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Calvert A. Morgan Jr. | Board of Directors |
| Charles G. Cheleden | Vice Chairman |
| Claibourne D. Smith | Board of Directors |
| Dale E. Wolf | Board of Directors |
| David E. Hollowell | Board of Directors |
| Dennis E. Klima | Board of Directors |
| Donald W. Delson | Board of Directors |
| Jennifer Davis | Board of Directors |
| John F. Downey | Board of Directors |
| Joseph R. Julian | Board of Directors |
| Linda C. Drake | Board of Directors |
| Scott E. Reed | Board of Directors |
| Thomas P. Preston | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | President, CEO & COO | Current |
| WSFS Investment Group, Inc. | President & CEO | Current |
| WSFS Financial Corporation | Board of Directors | Current |
| Wilmington Savings Fund Society FSB | President & CEO | Former |
| Wilmington Savings Fund Society FSB | CFO & Co-COO | Former |
| WSFS Bank | CFO | Former |
| WSFS Financial Corporation | COO & Secretary | Former |
| WSFS Investment Group, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Chief Investment Officer | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Chief Admin Officer & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Division Executive Vice President, Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Executive Vice President, Retail Banking | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President, Business Dev | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Head, Mortgage Business & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Director, Retirement Plan Services | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Executive Vice President & Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Director, Private Client Services | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Director, Trust Services | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Executive Vice President & Director, Human Capital Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Executive Vice President & Director, Commercial Banking | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Manager, Advertising & Communications | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Senior Vice President & Controller | Current |
| WSFS Financial Corporation | Board of Directors | Former |
Calvert A. Morgan Jr. is the Vice Chairman of WSFS Bank. He is the retired Chairman, President and Chief Executive Officer of PNC Bank, Delaware. Mr. Morgan is a member of the Delaware Economic and Financial Advisory Council. He is also a director of Chesapeake Utilities Corporation (NYSE).
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Chesapeake Utilities Corporation | Vice Chairman of the Board of Wsfs Financial Corporation's Principal Subsidiary | Current |
| Christiana Care Corporation | Trustee | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Vice Chairman | Current |
| WSFS Financial Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| WSFS Financial Corporation | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| WSFS Financial Corporation | Board of Directors | Current |
Executive News
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WSFS to Present to Analysts and Investors from June 4-5, 2009
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WSFS Financial Corporation Q1 2009 Earnings Call Transcript
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WSFS Opens New Banking Office in Millsboro
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WSFS to Present to Analysts and Investors from May 18-20, 2009
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WSFS to Present to Analysts and Investors from May 18-20, 2009
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WSFS President and CEO Named Chairman of the Delaware Bankers Association
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WSFS Finances Wilmington Organic Recycling Center
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WSFS Finances Wilmington Organic Recycling Center
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Glass Door
WSFS Financial
CEO Rating
President, CEO, and Director; President and CEO, Wilmington Savings Fund Society
100% Approve
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