WSFS Financial Corporation (NASDAQ:WSFS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On July 11, 2018, WSFS Financial Corporation (“WSFS”) announced that, effective January 1, 2019, Mark A. Turner, age 55, Chairman, President and CEO, will become the Executive Chairman of the Boards of Directors of each of WSFS and WSFS Bank. Rodger Levenson, age 57, Executive Vice President and Chief Operating Officer, will become WSFS' President and Chief Executive Officer and a member of the Boards of Directors of each of WSFS and WSFS Bank, also effective January 1, 2019.
As part of WSFS’ ongoing commitment to sound corporate governance, Board Member Eleuthère I. du Pont, President of the Longwood Foundation, will continue to serve in his role as Lead Independent Director.
For further details, reference is made to the press release dated July 11, 2018, which is attached hereto as Exhibit 99.1 and incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits
WSFS FINANCIAL CORP ExhibitEX-99.1 2 pressrelease7112018final.htm EXHIBIT 99.1 pressrelease7112018final WSFS Bank Center 500 Delawa re Aven ue,…To view the full exhibit click
About WSFS Financial Corporation (NASDAQ:WSFS)
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. Its Cash Connect segment provides automated teller machine (ATM) services through strategic partnerships with several of the network, manufacturers and service providers in the ATM industry. The Wealth Management segment provides a range of fiduciary, investment management, credit and deposit products to clients. Its banking business is commercial lending funded by customer-generated deposits. It also offers a range of consumer loan products, retail securities and insurance brokerage services. Its subsidiaries include WSFS Wealth Investments, 1832 Holdings, Inc., Monarch and West Capital Management.