Joseph DiStefano, who writes a popular column in the Philadelphia Inquirer, wrote an interesting piece on WSFS Bank and how it weathered the financial downturn while avoiding the downstate real estate debacle that led to the sale of Wilmington Trust to M&T Bank.
DiStefano is a former News Journal reporter who was around when WSFS overcame a series of bad decisions by previous management. Michigan banker Marvin Schoenhals took the reins and led a major turnaround.
Schoenhals turned over the job of CEO to Mark Turner and remains chairman of the Wilmington company.
Click on the link below for DiStefano’s column.
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