WSFS Financial Corporation, Wilmington announced that WSFS Bank was named a 2016 Bank & Thrift “Small-All Star” by Sandler O’Neill + Partners.
Sandler O’Neill + Partners, an investment banking firm and broker- dealer focused on the financial services sector, evaluated more than 400 publicly traded banks and thrifts with a market capitalization below $2.5 billion to identify the 27 small-cap depository institutions.
The companies that were recognized outperformed their peers in five key areas – earnings-per-share growth, loan growth, deposit growth, return on average equity and ratio of nonperforming assets to total loans.
“We are humbled and honored to be among this elite group of our country’s finest banking institutions,” said Dominic C. Caruso, executive vice president, and chief financial officer. “Being a community bank dedicated to growth, innovation, talent development and best practices is what drives us every day and what positions us to stay focused on our mission of service to our customers, Associates, community, and Owners.”
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 and the Delaware Valley. As of June 30, 2016, WSFS Financial Corporation had $5.8 billion in assets on its balance sheet and $13.4 billion in fiduciary assets.
Other subsidiaries or divisions include Christiana Trust, WSFS Wealth Investments, Cypress Capital Management, LLC, Powdermill Financial Solutions, LLC, Cash Connect®, WSFS Mortgage and Arrow Land Transfer. WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name.
