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It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank.
September 24 -
The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year.
September 13 -
Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.
August 10 -
While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.
August 8 -
The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.
August 8 -
Former postal CU expanding charter, changing core system for first time in 20 years.
August 1 -
Mark Turner will retire at the end of this year. Rodger Levenson, the company's chief operating officer, will take the helm.
July 11 -
The sale includes 160,000 accounts and more than $400 million in deposits.
July 10 -
Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.
May 7 -
Attorneys for then-President Robert Harra said he is innocent and will file an appeal. The case centers on a scheme said to have been carried out during the crisis years, before the bank was sold to M&T.
May 3