WILMINGTON, Del., Oct. 3, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the opening of a new banking office located at 201 Suburban Plaza, Newark, DE 19711. With the West Newark opening, WSFS Bank also marks its 40th branch office.
"Opening our fortieth branch is an extraordinary achievement, which has been made possible through the loyal support of our Customers," said Rick Wright, Executive Vice President of Retail Banking & Marketing for WSFS Bank. "As one of the oldest, locally-managed banking institutions in the area, WSFS is committed to expanding in order to provide more effective, convenient banking solutions for our Customers."
Conveniently located at the intersection of Elkton Road and Christiana Parkway, the West Newark branch will help to better serve the community as an additional location for the Customers of WSFS' College Square branch, the University of Delaware, and the residents of the City of Newark. Featuring a branch design that enables cross-functional personal bankers to assist all Customers, the West Newark Branch also includes a coffee bar, community conference room, drive-up teller, safe deposit boxes and night depository. The West Newark branch will also offer extended banking hours: Monday — Thursday 9 a.m. to 6 p.m., Friday 9 a.m. to 7 p.m. and Saturday 9 a.m. to 3 p.m. The drive-up is open from 8 a.m. to 6 p.m., Monday – Thursday; 8 a.m to 7 p.m. on Friday and from 9 a.m. to 3 p.m. on Saturday.
"From extended banking hours to a brand new facility, our West Newark Branch exemplifies WSFS Bank's commitment to service," said Carol Bindle, Branch Manager. "We look forward to providing our world-class service to the businesses and residents in this community."
WSFS will host a Grand Opening celebration on Saturday, October 22, 2011 from 11 a.m. to 3 p.m. Open to all members of the community, it will be a "Fall Festival" theme including food, giveaways, face painter, balloon artist, pumpkin painting, a kids costume contest and more.
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 49 offices located in Delaware (39), 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.