| Business Summary | | WSFS
Financial
Corp.
is
a
thrift
holding
company,
substantially
all
of
the
assets
of
which
are
held
by
its
subsidiary,
Wilmington
Savings
Fund
Society,
FSB
(WSFS).
The
Company's
primary
market
area
is
the
Mid-Atlantic
region
of
the
United
States,
which
is
characterized
by
a
diversified
manufacturing
and
service
economy.
WSFS
provides
residential
and
commercial
real
estate,
commercial
and
consumer
lending
services,
as
well
as
cash
management
services,
funding
these
activities
primarily
with
retail
deposits
and
borrowings.
The
banking
operations
of
WSFS
are
conducted
from
28
retail
banking
offices
located
in
northern
Delaware
and
southeastern
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WSFS
Financial
Corp.
is
a
savings
and
loan
holding
company
for
Wilmington
Savings
Fund
Society,
FSB.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
6%
to
$60.6
million.
Net
interest
income
after
LLP
decreased
12%
to
$29.2
million.
Net
income
from
continuing
operations
and
before
accounting
change
decreased
12%
to
$8.4
million.
Results
reflect
the
impact
of
unusually
high
income
from
reverse
mortgages
during
the
prior
period
and
higher
levels
of
salaries
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | M.N. Schoenhals,
Chmn./Pres./CEO C.G. Cheleden,
Vice
Chmn. Dale
E. Wolf,
Vice
Chmn. M.A. Turner,
Exec. VP/CFO K.L. Johnston,
Exec. VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|