Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)         April 23, 1998

                          WSFS FINANCIAL CORPORATION
            (Exact Name of Registrant as Specified in its Charter)

   Delaware                       0-16668                       22-2866913
- ---------------           ------------------------        ----------------------
(State or Other           (Commission File Number)            (IRS Employer
Jurisdiction of                                           Identification Number)

838 Market Street, Wilmington, Delaware                              19899
- ----------------------------------------                           ----------
(Address of Principal Executive Offices)                           (Zip Code)

Registrant's telephone number, including area code:        (302) 792-6000

                           Total number of pages 3.


Item 5.  Other Events

    On April 26, 1998,  the  registrant  announced  that it will resume paying
quarterly  cash  dividends to holders of common stock.  The Board of Directors
declared a regular  quarterly cash dividend of $.03 per share of common stock.
This dividend is payable on May 20, 1998 to common  stockholders  of record on
May 6, 1998.



Pursuant to the  requirements  of the  Securities  Exchange  Act of 1934,  the
registrant  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.

                                           WSFS Financial Corporation

Date:  April 27, 1998                    /s/   MARVIN N. SCHOENHALS
                                                    Marvin N. Schoenhals
                                          President and Chief Executive Officer