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WSFS Financial in Wilmington, Del., has repurchased preferred shares it issued the Troubled Asset Relief Program.
August 30 -
WSFS Financial Corp. in Wilmington, Del., has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.
July 29 -
WSFS Financial in Wilmington, Del., holds the picture contest to engage customers and employees while highlighting improvements to its mobile banking.
October 3 -
WSFS Financial (WSFS) Chief Executive Mark Turner has been picked to lead a Delaware business group.
November 5
WSFS Financial (WSFS) in Wilmington, Del., has agreed to buy First Wyoming Financial in Wyoming, Del.
The $4.4 billion-asset WSFS will pay about $64 million, evenly split between cash and stock, for the privately held First Wyoming, the companies said Monday.
WSFS has 51 branches in Delaware, Pennsylvania, Virginia and Nevada. The $308 million-asset First Wyoming has six branches and $250 million in deposits.
"Our partnership furthers many of our strategic goals and meaningfully adds to earnings per share going forward while immediately maintaining tangible common equity," WSFS Chief Executive Mark Turner said in a press release. "As an in-market combination, it significantly enhances our presence in Kent County, where the combined company will have the number two market share in deposits."
Sandler O'Neill advised WSFS, while Gerrish McCreary Smith provided legal advice to First Wyoming. The companies expect to complete the transaction in the third quarter of next year.
In recent months, WSFS
