<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 11-K

(Mark One)

{X} ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

                            AND EXCHANGE ACT OF 1934

For the fiscal year ended  December 31, 2000
                           ----------------------------------------------------

                                       OR

{ } TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

                            AND EXCHANGE ACT OF 1934

For the transition period from                  to                       
                              -----------------   -----------------------------


Commission file number   0-16668         
                        ---------

         A.   Full title of the plan and the address of the plan:

              WSFS Financial Corporation
              401(k) Savings and Retirement Plan
              838 Market Street
              Wilmington, DE  19899

         B.   Name of issuer of the securities held pursuant to the plan and the
              address of its principal executive office:

              WSFS Financial Corporation
              838 Market Street
              Wilmington, DE  19899

<PAGE>

                              REQUIRED INFORMATION

The audited financial statements required are incorporated herein by reference
from the Financial Statements, December 31, 2000, attached as Exhibit 1.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned
thereunto duly authorized.


                                                WSFS Financial Corporation
                                           401(k) Savings and Retirement Plan




DATE:  June 29, 2001                       /s/ Deborah A. Powell
                                               ---------------------------------
                                               Deborah A. Powell
                                               Executive Vice President

<PAGE>

                                    EXHIBIT 1












                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                 Financial Statements and Supplemental Schedules

                           December 31, 2000 and 1999

                   (With Independent Auditors' Report Thereon)

<PAGE>

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN


                                Table of Contents



                                                                        Page

Independent Auditors' Report                                              1

Statements of Net Assets Available for Benefits,
    December 31, 2000 and 1999                                            2

Statements of Changes in Net Assets Available for Benefits,
    Years ended December 31, 2000, 1999 and 1998                          3

Notes to Financial Statements                                             4


Schedules:

1   Schedule of Assets Held for Investment Purposes,
       December 31, 2000                                                  9

2   Schedule of Reportable Transactions, Year ended
       December 31, 2000                                                 10

<PAGE>


                          Independent Auditors' Report


The Participants and Administrator
WSFS Financial Corporation
    401(k) Savings and Retirement Plan:


We have audited the accompanying statements of net assets available for benefits
of the 401(k) Savings and Retirement Plan of WSFS Financial Corporation (the
Plan) as of December 31, 2000 and 1999, and the related statements of changes in
net assets available for benefits for each of the years in the three-year period
ended December 31, 2000. These financial statements are the responsibility of
the Plan's management. Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the Plan's net assets available for benefits as of
December 31, 2000 and 1999, and changes in net assets available for each of the
years in the three-year period ended December 31, 2000, in conformity with
accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental information included in
the schedules of assets held for investment purposes and reportable transactions
is presented for purposes of additional analysis and is not a required part of
the basic financial statements, but is supplemental information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure Under
the Employee Retirement Income Security Act of 1974. The supplemental schedules
are the responsibility of the Plan's management. The supplemental information
has been subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, is fairly stated in all material
respects in relation to the basic financial statements taken as a whole.



                                                 /s/ KPMG LLP


Philadelphia, Pennsylvania
June 8, 2001

<PAGE>

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                 Statements of Net Assets Available for Benefits

                           December 31, 2000 and 1999

                                                      2000              1999
                                                  -----------       -----------
Assets:
     Investments (note 3)                         $14,490,634        14,013,249
                                                  -----------       -----------
Receivables:
     Employer contributions                            37,995            65,405
     Loans to participants                            610,889           606,064
                                                  -----------       -----------
         Total receivables                            648,884           671,469
                                                  -----------       -----------
Net assets available for plan benefits            $15,139,518        14,684,718
                                                  ===========       ===========

See accompanying notes to financial statements.












                                       2

<PAGE>

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

           Statements of Changes in Net Assets Available for Benefits

                  Years ended December 31, 2000, 1999 and 1998


<TABLE>
<CAPTION>
                                                                     Years Ended December 31,
                                                  ---------------------------------------------------------------
                                                       2000                    1999                      1998
                                                   ------------             ------------             ------------
<S>                                                <C>                      <C>                      <C>
Additions:
    Investment income:
    Interest and dividends                         $    290,107                  226,786                  236,959
    Net depreciation in fair value
       of investments                                  (253,407)              (1,060,535)                (619,263)
                                                   ------------             ------------             ------------
                                                         36,700                 (833,749)                (382,304)
                                                   ------------             ------------             ------------
Contributions:
    Employer                                            884,609                  754,431                  616,145
    Participants                                      1,477,399                  697,657                  537,143
                                                   ------------             ------------             ------------
                                                      2,362,008                1,452,088                1,153,288
                                                   ------------             ------------             ------------
Transfers from other qualified plans on
    behalf of participants                                 --                       --                     34,181
                                                   ------------             ------------             ------------
          Total additions                             2,398,708                  618,339                  805,165

Deductions:
    Benefits paid                                     1,943,908                  732,186                3,481,573
                                                   ------------             ------------             ------------
          Net increase (decrease)                       454,800                 (113,847)              (2,676,408)

Net assets available for plan benefits:
    Beginning of year                                14,684,718               14,798,565               17,474,973
                                                   ------------             ------------             ------------
    End of year                                    $ 15,139,518               14,684,718               14,798,565
                                                   ============             ============             ============
</TABLE>


                 See accompanying notes to financial statements.



                                       3

<PAGE>

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                          Notes to Financial Statements

                        December 31, 2000, 1999 and 1998

(1)    Description of Plan

       The purpose of the WSFS Financial Corporation 401(k) Savings and
       Retirement Plan (the Plan) is to encourage and assist employees in
       following a systematic savings program suited to their individual
       long-term financial objectives. The Plan is subject to the provisions of
       the Employee Retirement Income Security Act of 1974 (ERISA). The
       following description of the Plan provides only general information.
       Participants should refer to the Plan Agreement or the Summary Plan
       Description for a more complete description of the Plan's provisions.

       (a)    Eligibility

              All full- and part-time employees of WSFS Financial Corporation or
              its subsidiaries (the Employers) who were employed on or before
              June 30, 1993, were eligible to participate on the first of the
              month following 90 days of service. Employees hired after June 30,
              1993, are eligible to participate following the completion of one
              year of continuous employment, 1,000 hours of service and
              attainment of age 21.

       (b)    Contributions

              Participants may authorize the Employers to make payroll
              deductions under the Plan from 1% to 15% of their total
              compensation not to exceed $10,500 in 2000. The percentage
              contribution may be increased, decreased, revoked or resumed at
              any time during the year. Such changes are effective as of the
              next pay period. Contributions made by participants are credited
              to their individual accounts and are made on a pre-tax basis
              assuming applicable regulations set forth in the Internal Revenue
              Code are satisfied.

              All contributions made by the Employers on participants' behalf
              are also on a pre-tax basis. The Employers' contributions to the
              Plan are made monthly and comprise the following:

                  Company Matching Contribution - An employer matching
                  contribution program was implemented effective July 1, 1993,
                  under which the Employers matched 25% of the employees'
                  contribution up to 6%. This matching contribution program was
                  amended effective July 1, 1997, such that the Employers match
                  100% of the employee's contribution up to 5% of total
                  compensation. The matching contribution is in the form of WSFS
                  Financial Corporation common stock.

                  Employer Base Profit Sharing Contribution - Effective July 1,
                  1993, the Employers implemented a profit sharing program. The
                  program was amended and effective as of July 1, 1997. The
                  contribution for each eligible participant is calculated as a
                  fixed percentage of the participant's total compensation.
                  Prior to that, the contribution was calculated on a pro-rata
                  basis of the participant's compensation in relation to the
                  total compensation of all participants. The profit sharing
                  contribution is in the form of WSFS Financial Corporation
                  common stock and consists of two parts:

                  o Base Contribution - Awarded quarterly based on the fixed
                    percentage established at the beginning of the year.

                  o Supplemental Contribution - Awarded at year-end or shortly
                    thereafter in the event the Employers equaled or exceeded
                    budgeted targets for the entire year.

                  For the years ended December 31, 2000, 1999 and 1998, no
                  Supplemental Contribution was made.

                                       4
                                                                    (Continued)

<PAGE>


                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                          Notes to Financial Statements

                        December 31, 2000, 1999 and 1998




                  Excess Flexible Benefit Funds - Under the Employers' BeneFlex
                  programs, employees are provided a fixed amount of funds by
                  the Employers that can be used to purchase optional employee
                  benefits. In lieu of purchasing such benefits, employees may
                  direct all or part of these funds to be contributed to the
                  Plan on their behalf.

       (c)    Participants' Accounts

              Participants' accounts are credited for their contributions and
              the Employers' contribution made on their behalf. Participants'
              accounts are also credited with an allocation of the earnings or
              losses of the Plan fund in which each participant's account is
              invested based upon the change in unit share price of all funds
              and for the money market fund upon the ratio of the account
              balance to the total of all participants' account balances in that
              fund.

       (d)    Vesting

              All employee contributions are 100% vested and are not subject to
              forfeiture for any reason. Employer contributions that are
              forfeited by participants reduce future Employer contributions.
              Employer contributions were vested immediately for employees who
              enrolled in the Plan prior to June 30, 1993. The Plan's vesting
              schedule was amended as of July 1, 1997. The new vesting schedule
              applies to all participants who enrolled in the Plan after June
              30, 1993. The table below shows the vesting schedule (old and
              amended) for employees who enrolled in the Plan after June 30,
              1993.


<TABLE>
<CAPTION>
                                                                                 Vested percentages
                   Year of service        Vested percentages as amended          Prior to amendment
                   ---------------        -----------------------------          -------------------
<S>                                       <C>                                     <C>
                         0-1                           20%                               0%
                          2                            40%                               0%
                          3                            60%                               20%
                          4                            80%                               40%
                          5                           100%                               60%
                          6                           100%                               80%
                          7                           100%                              100%
</TABLE>


       (e)    Withdrawals

              Participants' accounts are segregated between pre-January 1, 1988
              and post-January 1, 1988 contributions. Employee contributions
              made subsequent to January 1, 1988, are made on a pre-tax basis,
              and withdrawals are subject to tax and, in certain instances,
              penalty. Effective January 1, 1993, the Plan is required to
              withhold federal income taxes at a flat rate of 20% on the taxable
              portion of withdrawals that are not directly rolled over into an
              Individual Retirement Account (IRA) or another qualified
              retirement plan. This withholding tax does not apply to minimum
              distributions and annuity payments. Participant interest payments
              on loans, which are recorded as earnings, are made on a post-tax
              basis.

              Under the Plan, participants may request hardship withdrawals of
              vested contributions (but not income earned on contributions after
              December 31, 1988), which must be approved by the Employee
              Benefits Committee and can only be made for one of the following
              reasons:

              1.  Purchase of primary residence of the participant
              2.  Preservation of primary residence
              3.  Certain medical expenses of a participant or their dependents

                                       5
                                                                    (Continued)

<PAGE>


                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                          Notes to Financial Statements

                        December 31, 2000, 1999 and 1998





              4.  Tuition for the next semester or quarter of postsecondary
                  education of the employee, spouse or dependents.

              Hardship withdrawals are subject to applicable withholding taxes.

       (f)    Loan Provision

              Under the Plan, participants may obtain loans up to 50% of their
              vested account balance with a minimum loan of $1,000 and a maximum
              loan of $50,000. The interest rate on loans is 10%. Interest paid
              on the loan is added to the participant's account balance. Loans
              are secured by the participant's interest in the Plan.

       (g)    Administrative Expenses

              Expenses relating to the administration of the Plan are paid by
              WSFS Financial Corporation. Costs incurred by the Plan relating to
              voluntary removal of funds in the form of loan proceeds or
              withdrawals are borne by the Plan participants.

(2)    Summary of Significant Accounting Policies

       (a)    Basis of Presentation

              The accompanying financial statements are prepared on the accrual
              basis of accounting. Revenues and expenses are recognized when
              earned or incurred in accordance with generally accepted
              accounting principles.

       (b)    Investments in Securities

              Investments in short-term securities are valued at cost which
              approximates market. Investments in mutual funds are valued at the
              net asset value of the fund, which is based on the quoted year-end
              market value of securities held by the fund. WSFS Financial
              Corporation common stock is valued at the year-end market price.

       (c)    Revenue Recognition and Method of Accounting

              The Plan records all transactions on an accrual basis. Investment
              income is recorded as earned. The Plan calculates realized gains
              and losses and unrealized appreciation and depreciation as the
              difference between market value and cost; IRS Form 5500 calculates
              realized gains and losses and unrealized appreciation and
              depreciation as the difference between market value at time of
              sale and market value at the prior period year-end.

       (d)    Fund Accounting for Income

              The mutual funds invest interest and dividend income within the
              fund to purchase more fund assets rather than distribute the
              income among investors in the fund.

                                       6
                                                                    (Continued)

<PAGE>


                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                          Notes to Financial Statements

                        December 31, 2000, 1999 and 1998





(3)    Investments

       The following represents investments, at fair value, that are 5% or more
of the Plan's net assets.


<TABLE>
<CAPTION>
                                                                   December 31,
                                                        ------------------------------------
                                                             2000                1999
                                                        ---------------    -----------------
<S>                                                     <C>                         <C>    
       Schwab Institutional Advantage Money Fund        $    1,094,991              953,286
       Strong Government Securities Fund                       777,882              890,772
       Oakmark Fund                                          1,026,803            1,141,675
       Dreyfus Appreciation Fund                             1,617,243            1,902,491
       Dreyfus Small Company Value Fund                      1,107,632            1,026,846
       WSFS Financial Corporation Common Stock               5,791,651  *         5,589,106  *
       Vanguard Index 500                                    1,314,903            1,030,967
       Janus Worldwide Fund                                  1,759,529            1,478,106
</TABLE>


       *Nonparticipant directed.

       During 2000, 1999 and 1998, the Plan's investments (including gains and
       losses on investments bought and sold, as well as held during the years)
       depreciated in value by $(253,407), $(1,060,535) and $(619,263),
       respectively, as follows:


<TABLE>
<CAPTION>
                                       2000             1999               1998
                                  -------------    ---------------    ----------------
<S>                               <C>                     <C>                 <C>    
       Mutual funds               $   (360,025)           764,845             612,055
       Common stock                    106,618         (1,825,380)         (1,231,318)
                                  -------------    ---------------    ----------------
       Total investments          $   (253,407)        (1,060,535)           (619,263)
                                  =============    ===============    ===============-
</TABLE>











                                       7

<PAGE>


                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                          Notes to Financial Statements

                        December 31, 2000, 1999 and 1998





(4)    Nonparticipant-Directed Investments

       Information about the net assets and the significant components of the
       changes in net assets relating to the nonparticipant-directed investments
       is as follows:


<TABLE>
<CAPTION>
                                                                      December 31,
                                                            ---------------------------------
                                                                 2000               1999
                                                            -------------      --------------
<S>                                                         <C>                <C>
       Net assets:
           WSFS Financial Corporation Common Stock
              And employer contribution receivable          $   5,829,646           5,654,511
</TABLE>



<TABLE>
<CAPTION>
                                                                           Years ended December 31,
                                                             ----------------------------------------------------
                                                                 2000                1999                1998
                                                             ------------      --------------      --------------
<S>                                                          <C>               <C>                 <C>
       Changes in net assets:
           Contributions                                     $    948,726             836,121             682,260
           Interest and dividends                                  71,490              37,506              42,856
           Net appreciation (depreciation)                        106,618          (1,825,380)         (1,231,318)
       Transfers from other qualified plans on
           behalf of participants                                      --                  --               7,615
       Benefits paid to participants                             (416,410)           (158,603)         (1,410,037)
       Transfers to participant-directed investments             (535,289)           (270,547)           (785,692)
                                                             ------------      --------------      --------------
                                                             $    175,135          (1,380,903)         (2,694,316)
                                                             ============      ==============      ==============
</TABLE>


(5)    Income Tax Status

       The Plan has obtained a tax qualification letter dated January 26, 1987,
       from the Internal Revenue Service stating that the Plan qualifies under
       the provisions of Section 501(a) of the Internal Revenue Code and is
       exempt from federal income taxes.

(6)    Description of Priorities Upon Plan Termination

       Although WSFS Financial Corporation has not expressed any intention to
       terminate the Plan, it may do so at any time. In the event of a
       termination, each participant will receive a total distribution equal to
       their vested share of each of the funds. All unvested Employer
       contributions revert to the Employers in the event of a plan termination.

                                       8

<PAGE>

                                                                     Schedule 1

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                 Schedule of Assets Held for Investment Purposes

                                December 31, 2000



<TABLE>
<CAPTION>
                                                                     Shares                       Fair Value
                                                               -------------------            -------------------
<S>                                                            <C>                            <C>                
*    Schwab Institutional Advantage Money Fund                           1,094,991            $         1,094,991
     Strong Government Securities Fund                                      73,454                        777,882
     Oakmark Fund                                                           34,238                      1,026,803
     Dreyfus Appreciation Fund                                              37,663                      1,617,243
     Dreyfus Small Company Value Fund                                       50,577                      1,107,632
*    WSFS Financial Corporation common stock                               449,837                      5,791,651
     Vanguard Index 500 Fund                                                10,790                      1,314,903
     Janus Worldwide Fund                                                   30,945                      1,759,529
                                                                                              -------------------
     Total investments                                                                        $        14,490,634
                                                                                              ===================
     Loans to participants (interest rate of 10%)                                             $           610,889
                                                                                              ===================
</TABLE>

*Party-in-interest.    















                                       9

<PAGE>

                                                                     Schedule 2

                           WSFS FINANCIAL CORPORATION
                       401(k) SAVINGS AND RETIREMENT PLAN

                       Schedule of Reportable Transactions

                          Year ended December 31, 2000

     (single transaction or series of transactions in one issue aggregating
        5% or more of the market value of plan assets at January 1, 2000)


<TABLE>
<CAPTION>
                                                               Sales                                 Number of         Number of 
            Name of party and                         ------------------------                     purchases and       sales and 
          description of assets        Purchases         Cost        Proceeds     Gain (loss)        issuances        redemptions
----------------------------------    -----------     ----------    ----------   ------------     ---------------    -------------
<S>                                   <C>             <C>            <C>         <C>               <C>               <C>
Series of transactions:
    *WSFS Financial Corporation
       common stock                  $   1,189,178     1,383,389    1,068,504      (314,885)             51               178
</TABLE>


     *Party-in-interest.



























                                       10