WSFS Announces New Board Director

WILMINGTON, Del., May 3 /PRNewswire-FirstCall/ -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced that Anat Bird was elected to the Board of Directors at the Annual Meeting of Stockholders on April 29, 2010.

Ms. Bird is President and Chief Executive Officer of SCB Forums, Ltd., a company she founded in 1994 that arranges and facilitates peer group meetings for bank executives, as well as provides consulting services to financial services companies and conducts seminars for corporate executive officers of major regional banks.

With more than 30 years in the banking industry, Ms. Bird had held numerous executive positions including President and Chief Executive Officer of California Community Bancshares; Executive Vice President of Wells Fargo Bank; Group Head and Executive Vice President of Norwest Bank; Senior Executive Vice President, Chief Operating Officer and Board Member of Roosevelt Financial Group; and Managing Director in charge of Strategic Planning, Product Development and Management, the Balance Sheet Advisory Group of Marine Midland Bank.

WSFS Chairman of the Board, Marvin N. Schoenhals, said, "We are very fortunate to have a person join our Board with Anat's extensive background, especially in community banking.  Anat's deep and diverse understanding of the financial services industry, including her strategic planning, financial and executive management experience, will bring additional value to our Board of Directors."

Ms. Bird currently serves on the board of directors for Sterling Bank in Houston, Texas and MidFirst Bank in Oklahoma City, Oklahoma.  Author, professor, speaker and columnist round out Ms. Bird's professional background.  She splits her time between Granite Bay, California and Las Vegas, Nevada with her husband and six children.

Ms. Bird received a Bachelor of Arts degree in International Relations and a Master of Arts degree in International Relations and Psychology from The Hebrew University of Jerusalem.  She also received a Master of Business Administration in Finance from American University and a Diploma in Corporate Strategic Planning from the University of Pennsylvania's Wharton School of Business.

About WSFS Financial Corporation

WSFS Financial Corporation is a $3.8 billion financial services company. Its primary subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank), operates 41 banking offices located in Delaware (36), Pennsylvania (4) and Virginia (1). WSFS Bank provides comprehensive financial services including trust and wealth management. Other subsidiaries include WSFS Investment Group, Inc. and Montchanin Capital Management, Inc. Founded in 1832, WSFS is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

SOURCE WSFS Financial Corporation