WSFS Financial Corp. in Wilmington, Del., is preparing to raise as much as $150 million in fresh capital.
The $3.8 billion-asset company announced Wednesday that it has filed a universal shelf registration with the Securities and Exchange Commission.
It did not indicate any immediate plans to launch a capital-raising effort but said the registration would give it flexibility to raise capital as needed.
It said the proceeds could go toward opportunities for organic growth and potential acquisitions.
WSFS Financial also might use the proceeds to buy back the $52.6 million of preferred stock it sold to the Treasury Department in January 2009 as part of its participation in the Troubled Asset Relief Program.