WILMINGTON, Del., Sept. 6, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the hiring of Paul D. Geraghty as Executive Vice President and Chief Wealth Officer. With over thirty years experience in financial services, Mr. Geraghty will be responsible for leading all wealth-related operations including WSFS Investment Group, WSFS Private Banking, Cypress Capital Management, LLC and Christiana Trust.
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"Paul brings a tremendous amount of business acumen as well as executive and leadership experience to WSFS Bank," said Mark A. Turner, President and Chief Executive Officer of WSFS Bank. "We are extremely fortunate to have him overseeing WSFS' wealth offerings and working with our experienced executives to grow and expand our services across the region."
Prior to joining WSFS Bank, Mr. Geraghty was President and Chief Executive Officer at Harleysville National Corporation, a community bank and trust company consisting of 83 branches, $5 billion in assets, $4 billion in deposits and over 1,100 employees. Earlier, he served as Executive Vice President of National City Corporation in Philadelphia and Cleveland. Mr. Geraghty began his career with CoreStates Bank, spending over 21 years in various management and leadership roles.
Mr. Geraghty received his Bachelor of Science in Accounting from Villanova University and pursued graduate study in business at Lehigh University. He serves on the Board of Trustees of St. Joseph's Preparatory School in Philadelphia and resides in Wynnewood, Pennsylvania.
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 48 offices located in Delaware (38), Pennsylvania (8), 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.
Forward Looking Statements
This report contains estimates, predictions, opinions, projections and other statements that may be interpreted as "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to our financial goals, management's plans and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those related to the economic environment, particularly in the market areas in which the Company operates; the volatility of the financial and securities markets, including changes with respect to the market value of financial assets; changes in market interest rates, changes in government regulation affecting financial institutions, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules being issued in accordance with this statute and potential expenses associated therewith; changes resulting from our participation in the CPP, including additional conditions that may be imposed in the future on participating companies; and the costs associated with resolving any problem loans and other risks and uncertainties, discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. Forward looking statements are as of the date they are made, and the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
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