WSFS Financial Corporation announced members of the Board of Directors and Executive Management will ring the Nasdaq Market Opening Bell on Monday at 9:30 a.m. Eastern to mark 30 years listed on the exchange.
Charles (C.G.) G. Cheleden will lead the team in ringing the bell. Cheleden has been a director of WSFS Financial Corporation since 1990, serving as Chairman from 1990-1992, Vice Chairman since 1992 and Lead Director since 2004. He retired from the WSFS board in August 2016 and continues to serve as an Advisor to the Board of Directors.
“C.G.’s leadership and forethought is what turned this company around in the early 1990s and today we celebrate him and WSFS because without him, there would be no WSFS,” said Marvin (Skip) N. Schoenhals, Chairman, WSFS Board of Directors and Former President & CEO, WSFS Financial Corporation and WSFS Bank. “The WSFS of today is a growing, thriving, vibrant organization with an incredibly bright future because of C.G., and we thank him for his contributions the past 26 years.”
Cheleden and Schoenhals helped lead WSFS, one of the oldest financial institutions operating under its original name, out of grave difficulties in the early 1990s. The bank took big losses from disastrous diversification program, bad loans and other missteps.
Unlike many financial institutions, WSFS did not sell out to a large competitor, but instead went on to become the largest full-service bank in the Delaware Valley. In the past couple of years WSFS expanded its banking footprint into the Philadelphia area.
WSFS has also added wealth management companies and grown a large automatic teller machine network.
The ceremony for the Nasdaq Market Opening Bell will be broadcast on live television networks such as CNBC, Fox Business News and Bloomberg TV. A live webcast of the Nasdaq Market Opening Bell will be available to stream at https://new.livestream.com/nasdaq/live.
