Corporate Overview
WSFS Financial Corporation is a financial services holding company headquartered in Wilmington, Delaware. Its principal subsidiary, Wilmington Savings Fund Society, FSB (WSFS) serves the residents of the Delaware Valley from its banking offices in all three counties of Delaware, southeastern Pennsylvania and northern Virginia.
Founded in 1832, WSFS is one of the ten oldest banks continuously operating under the same name in the United States. WSFS is among the largest financial institutions in the state of Delaware on the basis of total deposits traditionally garnered in-market.
WSFS is known in the Delaware market for its friendly and knowledgeable Associates who act with the customer’s best interests at heart. The marketplace recognizes WSFS for its experience and expertise in providing financial services to business customers. All WSFS customers have ready access to responsive decision-makers and innovative solutions to improve their business and financial needs.
WSFS provides residential and commercial real estate, commercial and consumer-lending services funded by attracting retail deposits and borrowings. WSFS also provides cash management services. The Federal Deposit Insurance Corporation insures deposits to their legal maximum. WSFS has the largest off-premise ATM network in the state of Delaware.
In addition, WSFS provides wealth management and personal trust services through its division, WSFS Wealth Strategies and markets various third party insurance products and services through its subsidiary WSFS Investment Group, Inc.
Other operating subsidiaries of the corporation include Montchanin Capital Management, Inc. Montchanin has one wholly-owned subsidiary, Cypress Capital Management, LLC (Cypress). Cypress is a Wilmington-based investment advisory firm serving high net-worth individuals and institutions.