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WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.
May 10 -
WSFS Financial (WSFS) in Wilmington, Del., has been using its excess capital to open new branches, hire lenders and beef up its wealth management operations, but Chief Executive Mark Turner assured investors and analysts Friday that repaying the $53 million it received from the Troubled Asset Relief Program remains a priority.
April 27 -
WSFS Financial Corp. in Wilmington, Del., has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.
July 29
WSFS Financial (WSFS) in Wilmington, Del., is expanding its consumer lending business to include private student loans.
The $4.4 billion-asset company has joined with the cloud-based banking technology company LendKey to offer private and consolidated student loans, it announced Wednesday. WSFS will underwrite and own the loans, while LendKey will manage the application process, disbursement and servicing.
"WSFS identified an area of opportunity and we knew we could fill a growing need within our communities to help fund the cost of higher education," Rick Wright, WSFS' chief retail banking officer, said in a news release. "We want to be that valued resource that customers turn to when they start the difficult process of figuring out how to fund college."
On Monday, WSFS announced plans to
