April 14, 2011

WSFS Bank Opens Branch in Milford, Delaware

Growing and Investing in Our Communities

WILMINGTON, Del., April 14, 2011 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the opening of a new banking office located at 688 North DuPont Boulevard, Milford, DE 19963 in The Plaza at Milford Shopping Center.

"As Delaware's oldest and soon to be largest bank and trust company, we are thrilled to be serving the residents and businesses in Milford," said Richard M. Wright, Executive Vice President of Retail Banking & Marketing for WSFS Bank. "We believe WSFS's locally-managed roots and our commitment to offer all of our Customers world-class service will resonate with this community." 

The WSFS Milford banking office has extended banking hours. The Bank is open Monday — Thursday 9 a.m. — 6 p.m., Friday 9 a.m. — 7 p.m. and Saturday 9 a.m. — 3 p.m. In addition, WSFS has the largest ATM network in the state of Delaware with over 375 ATMs offering greater convenience and access for WSFS Customers.

"We have had many loyal Customers for years in Milford and we are thrilled to be offering them a more convenient location to do their banking," said Syed A. Ahmed, Senior Vice President and Regional Manager. "We were excited when we saw Customers lined up to do their banking this morning before we opened for business."

A grand opening celebration is planned at the Milford branch on Saturday, June 11 from 11 a.m. — 3 p.m. In addition to the Milford location, WSFS has 10 other branches in Kent and Sussex Counties and a branch coming soon in Seaford, Delaware.  

About WSFS Financial Corporation

WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally-managed bank and trust company headquartered in Delaware with $4.0 billion in assets on its balance sheet and $7.5 billion in trust assets under administration.

WSFS has 43 offices located in Delaware (36), Pennsylvania (5), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC and Cash Connect. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

Forward Looking Statements

Statements contained in this news release which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which are based on various assumptions (some of which may be beyond the Company's control) are subject to risks and uncertainties and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those related to the economic environment, particularly in the market areas in which the Company operates; the volatility of the financial and securities markets, including changes with respect to the market value of its financial assets; changes in government regulation affecting financial institutions and potential expenses associated therewith; changes resulting from the Company's participation in the U.S. Treasury's Capital Purchase Program including additional conditions that may be imposed in the future on participating companies; and the costs associated with resolving any problem loans; and other risks and uncertainties, discussed in documents filed by WSFS Financial Corporation with the Securities and Exchange Commission from time to time. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

CONTACT: Media Contact: Stephanie Heist

         (302) 571-5259

         sheist@wsfsbank.com


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