WSFS changes name of corporate trust unit

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WSFS Bankhas organized its corporate trust and institutional solutions under a new name, WSFS Institutional Services.

The corporate trust and institutional services had operated under the Christiana Trust name. WSFS acquired Greenville based Christina Bank and Trust in the 1990s as part of its expansion into fee-based services.

“Our new name more accurately reflects the solutions and expertise we offer to institutions and entities, and differentiates our institutional arm from the individual and family trust services of our existing Christiana Trust business,” said Louis W. Geibel, senior vice president and chief trust officer, WSFS Bank. “We have developed a strong and successful national and international business in WSFS Institutional Services, and we are excited to align it more closely with the WSFS brand.”

Services offered by WSFS Institutional Services include owner and indenture trustee services for asset-backed securities, indenture trustee for corporate debt issuances, administrative and collateral agent for the leveraged loan market, as well as custody, escrow, verification agent and independent director services.

To learn more about WSFS Institutional Services visit wsfsinstitutionalservices.com.

WSFS is expected to expand trust and other services through recently acquired Beneficial Bank. Beneficial offices will be converted to the WSFS brand later this year.

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