WILMINGTON, Del. - WSFS Financial Corp. will sell four branches of its Philadelphia subsidiary to $1.2 billion-asset Commonwealth Savings Bank of Valley Forge, Pa., for an undisclosed price.
The branches of Fidelity Federal Savings and Loan Association have about
Commonwealth will assume the deposits in exchange for certain branch
The deal, which is subject to regulatory approval, is expected to be
WSFS, which recently bought a former Delaware Savings Bank branch in
Should the all-stock transaction close as planned later this year, Wintrust Financial in the Chicago area would gain about $2.7 billion of assets.
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