WILMINGTON, Del., Aug. 22, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that John L. Olsen has joined the management team as Senior Vice President and General Counsel. Mr. Olsen comes to WSFS with over 25 years of financial and legal industry experience in Delaware and Pennsylvania.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10177
Mr. Olsen began his career as an Associate at Lassen, Smith, Katzenstein & Furlow. In 1986, he moved to Duane, Morris and Heckscher where he performed general corporate, commercial, and securities practice, including counseling clients on Delaware corporate and commercial law issues. In 1994, Mr. Olsen transitioned to Wilmington Trust where he most recently served as Vice President and Counsel.
A resident of Kennett Square, Pennsylvania, Mr. Olsen holds a Juris Doctor from the University of Pennsylvania Law School and a Bachelor of Arts with Distinction from George Washington University. He is an active member of both the Delaware and Pennsylvania State Bar Associations, including the Delaware State Bar UCC Revision Committee. Mr. Olsen chairs the Government Affairs Committee of the Delaware Bankers Association and is a member of the Pennsylvania Bankers Association's Legal Affairs Advisory Committee. In addition, he is currently the President of the Board of Directors of Generations Home Care, Inc., and previously served on the Board of Trustees for the Kalmar Nyckel Foundation.
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally-managed bank and trust company headquartered in Delaware with $4.2 billion in assets on its balance sheet and $9.3 billion in fiduciary assets, including approximately $1.0 billion in assets under management. WSFS has 47 offices located in Delaware (38), Pennsylvania (7), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
