WSFS President and CEO Appointed Trustee to Delaware State University

WILMINGTON, Del., Jan. 22, 2013 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced that Mark A. Turner, WSFS President and Chief Executive Officer, was appointed to the Board of Trustees of Delaware State University during its January 10, 2013 public meeting. Mr. Turner will serve a six-year term that will end on August 31, 2019.

The Delaware State University Board of Trustees consists of 15 members that govern the business and affairs of the University. Members serve without compensation.

Delaware State University is a public, comprehensive, 1890 land-grant institution that offers access and opportunity to diverse populations from Delaware, the nation, and the world. Building on its heritage as a historically black college, the University purposefully integrates the highest standards of excellence in teaching, research, and service in its baccalaureate, master's and doctoral programs. Its commitment to advance science, technology, liberal arts, and the professions produces capable and productive leaders who contribute to the sustainability and economic development of the global community.

In addition to his recent appointment, Mr. Turner is also Vice Chairman of the Delaware Business Roundtable, serves on the Executive Committee of the Board of Directors of the Delaware State Chamber of Commerce, is a member of the Boards of Directors of the Delaware Alliance for Non-Profit Advancement (DANA) and First State Innovation (FSI), and a Trustee for Christiana Care Health System.

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 $4.3 billion in assets on its balance sheet and $15.8 billion in fiduciary assets, including approximately $1.1 billion in assets under management. WSFS operates from 51 offices located in Delaware (42), Pennsylvania (7), 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 and Cash Connect®. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

CONTACT: Stephanie A. Heist (302) 571-5259 sheist@wsfsbank.comSource:WSFS Financial Corporation