WILMINGTON, Del., Oct. 6, 2014 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, announced that Governor Jack Markell signed into law three bills that made changes in lending and liability language to Delaware's Hazardous Substance Cleanup Act (HSCA), the Underground Storage Tank (UST) Act and the Jeffery Davis Aboveground Storage Tank (AST) Act. This legislation will enhance the state's capabilities for transforming environmentally-impaired properties while also better protecting public health and groundwater resources from hazardous releases. The WSFS Branmar branch located at Foulk and Silverside Roads in Wilmington, Delaware was chosen for the bill signing since it was a former brownfield site. More information about the three bills can be found at here. Pictured left to right: (first row) Fred Wittig, Partner of DSM Companies; Jacqueline Spagnolo; Governor Jack Markell; Angelina Spagnolo. (second row) John Papili, Partner of DSM Companies; David Small, DNREC Secretary; Robert Weiner, New Castle County Councilman; David McBride, Delaware State Senator; Mark Turner, WSFS President & CEO; Debra Heffernan, Delaware Representative; Robert Wittig, Partner of DSM Companies; Paul Morrill, Executive Director of Committee of 100; and Director Marjorie Crofts, DNREC Division of Waste & Hazardous Substances. Jacqueline Spagnolo, age 9, and Angelina Spagnolo, 11, the daughters of DNREC Environmental Program Manager Lori Spagnolo, were called up to the dais by Gov. Markell for an impromptu lesson on how bills become law in Delaware.
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About WSFS Financial Corporation
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 with $4.9 billion in assets on its balance sheet and $10.6 billion in fiduciary assets, including approximately $1.2 billion in assets under management. WSFS operates from 55 offices located in Delaware (45), Pennsylvania (8), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC, Cash Connect®, Array Financial and Arrow Land Transfer. Serving the Delaware Valley since 1832, WSFS Bank is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit wsfsbank.com.
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CONTACT: Stephanie A. Heist (302) 571-5259 email@example.comSource:WSFS Financial Corporation