Cash Connect Acquires ATM Vault Cash Portfolio From CSSI

WILMINGTON, Del., Aug. 7 /PRNewswire-FirstCall/ -- Cash Connect, theATM Division of WSFS Bank, announces that it has completed the acquisitionof the ATM vault cash portfolio owned by Creative Strategic Solutions Inc.("CSSI"), a subsidiary of Benjamin Franklin Bank. Cash Connect, acquired the ATM Vault Cash contracts for approximately1,700 ATMs from CSSI. Benjamin Franklin Bank will continue to supply the$35 to $40 million in vault cash required to fund these ATMs, while CashConnect will be responsible for all of the day to day ATM cash funding andmanagement. Tom Stevenson, President of Cash Connect said, "This is an acquisitionthat really makes sense for both parties. CSSI had a reputation forproviding high service levels to the industry, and we pride ourselves indoing the same. We feel that this is a win-win deal for both ourorganizations and our customers." Claire Bean, CFO of Benjamin Franklin Bank commented, "It was importantto us that we were able to transition our clients to an organization thatshares our commitment to service. Operational control and proficiency werealso major considerations, since we will continue to provide our cash. Wemet all of our goals by partnering with Cash Connect, an organizationdedicated to delivering both excellent service levels and strong controlsover the cash." Cash Connect has experienced significant growth since its inception in1998, and currently supplies over $225 million in vault cash to almost10,000 ATMs across the nation. Mark Turner, President and CEO of WSFS,said, "Cash Connect's continued strong growth in ATM vault cash managementhas made a significant contribution to the success of WSFS Bank." WSFS Financial Corporation (Nasdaq: WSFS) is a $3.0 billion financialservices company. Its principal subsidiary, Wilmington Savings FundSociety, FSB, operated 30 retail banking offices in all three counties inDelaware, as well as Chester and Delaware Counties in Pennsylvania,providing full banking services under the WSFS Bank brand, and wealthmanagement and personal trust services under Wilmington Advisors, adivision of WSFS Bank. Other operating subsidiaries include WSFS InvestmentGroup, Inc., Montchanin Capital Management, Inc. and WSFS Reit, Inc. WSFS,celebrating its 175th anniversary, is one of the ten oldest bankscontinuously operating under the same name in the United States. For moreinformation, please visit the Bank's website at http://www.wsfsbank.com. Statements contained in this news release, which are not historicalfacts, are forward looking statements as that term is defined in thePrivate Securities Litigation Reform Act of 1995. Such forward-lookingstatements are subject to risks and uncertainties which could cause actualresults to differ materially from those currently anticipated due to anumber of factors, which include, but are not limited to, factors discussedin documents filed by WSFS Financial Corporation with the Securities andExchange Commission from time to time. The Corporation does not undertaketo update any forward-looking statement, whether written or oral, that maybe made from time to time by or on behalf of the Corporation.