WSFS’ Cyprus Capital division reaches $1 billion market in assets under management

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Assets under management byCypress Capital Management(Cypress Capital), a division ofWSFS Financial Corporation, have reached$1 billion.

Cypress Capital caters to individuals, family trusts, charitable organizations, foundations, endowments, and corporate pension and profit-sharing plans. Founded in 1984,Cypress Capitalwas acquired by WSFS in 2004 as the latter Company expanded its financial solutions to Customers by offering wealth management services. Today,Cypress Capital offers customized solutions to clients in 14 states and theDistrict of Columbia, and it is led by investment managers with an average of 25 years of investment experience and in-depth knowledge of investment management through multiple business cycles.

Kelly Wellborn, the President and Managing Executive ofCypress Capital Management, said: “This is a significant milestone for our Company and it energizes us to stay the course on our strategy, which has produced sustained financial returns for our clients. With a healthy mix of balanced asset allocation, a conservative investment approach, active management of securities, and a focus on tax efficiency and income generation, Cypress Capital’s investment managers have a proven track record of delivering competitive and durable results for our clients through various business and credit cycles. I am very proud of our team and look forward to expanding our Customer base throughout theGreater Delaware Valleywith our unique approach of customized solutions and individualized Customer service.”

One of the many success stories in its 34 years in business is Cypress Capital’s blend of investments and management of capital donations to theWSFS Foundation, the affiliated but unconsolidated philanthropic arm ofWSFS Financial Corporation. The Foundation has donated returns through grants to k-12 education programs in communities served byWSFS Bank, the primary subsidiary ofWSFS Financial Corporation.

“Reaching$1 billionin assets under management is a significant achievement for Kelly and the rest of theCypress Capitalteam,” saidArt Bacci, Executive Vice President and Chief Wealth Officer,WSFS Financial Corporation. “As we execute our combination withBeneficial Bank, our investment managers atCypress Capitallook forward to offering their successful strategy and customized service and solutions to Beneficial’s Customer base.”

For more information aboutCypress Capital Management, visithttp://www.cypress-capital.com/or call 302-429-8436.

WSFS Financial Corporationis a multi-billion dollar financial services company. Its primary subsidiary,WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered inDelawareand theDelaware Valley. As ofSeptember 30, 2018,WSFS Financial Corporationhad$7.2 billionin assets on its balance sheet and$19.7 billionin assets under management and administration. WSFS operates from 77 offices.

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