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The chief financial officer of WSFS Financial in Wilmington, Del., is leaving the bank holding company for Seacoast Banking in Stuart, Fla.
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March 17
WSFS Financial in Wilmington, Del., has made a number of executive changes following the planned departure of its chief financial officer.
The $4.9 billion-asset company said in a press release Tuesday that Roger Levenson has become its interim CFO, filling a vacancy created last month when Steve Fowle
Levenson has been WSFS Financial's chief commercial banking officer since 2006.
WSFS said it is conducting a search for a permanent CFO. It hired an executive search firm to evaluate internal and external candidates.
Steve Clark, a senior vice president, will succeed Levenson on an interim basis, and Paul Geraghty, the company's chief wealth officer, is set to become Pennsylvania market president. Geraghty was president and chief executive of Harleysville National in Pennsylvania before joining WSFS in 2011.
WSFS also announced that it will conduct a 3-for-1 common stock split. "The benefits of broader ownership potential outweighed the costs of a split, which are not significant," the company said in a press release. The split will increase the number of shares outstanding to 28.2 million from 9.4 million. Additional shares will be distributed on May 18.
